Watch: Magna CEO Swamy Kotagiri on Veoneer, Chip Shortage and Fisker

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Magna International  (MGA) - Get Magna International Inc. Report announced on Friday that it is buying Sweden’s Veoneer  (VNE) - Get Veoneer, Inc. Report for $3.8 billion in a drive to become the global leader in smart cars, with Veoneer shares surging on news of the deal.

TheStreet's Corey Goldman caught up with Magna CEO Swamy Kotagiri to talk about what the deal means for Magna and its partners, including electric vehicle maker Fisker  (FSR) - Get Fisker Report, how the chip shortage might affect business in the short term, and what the future of smart technology and safety systems in cars and trucks looks like.

Watch the full interview above.  

Related: What Ford Tells Jim Cramer About the Chip Shortage, Auto Sales

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