Automotive Industry
Industry: Email Alert RSS FeedMagna's growth strategy: Complete-car capability.
Automotive News Europe, March, 2002 by Auer, Georg
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Magna-Steyr has begun development of a new Saab convertible that the company will also start building in Austria in 2003.
The Saab is one of a growing number of complete-car projects that Magna International's European subsidiary is winning.
Contracts for designing, engineering and production of the Saab, the BMW X3 sport-utility and a Chrysler vehicle for 2005 or 2006 are the payoff for Magna's complete vehicle-development capabilities.
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Last month Magna-Steyr completed the repurchase of the Eurostar assembly plant adjacent to Magna-Steyr's own production facility in Graz, ...
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