- BMW Z4 marks the fifth vehicle nameplate Magna is producing in Graz, Austria, for customers
- Production will start at the end of 2018
- Magna’s unique capabilities make it an ideal mobility partner
SAILAUF, Germany, June 05, 2018 (GLOBE NEWSWIRE) -- Magna adds to its contract vehicle manufacturing line-up in Graz, Austria, with the addition of the new BMW Z4. Production is scheduled to begin at the end of 2018. This business further strengthens Magna's position as the world's leading brand-independent vehicle contract manufacturer.
"Our expertise in complete vehicle engineering and production makes us unique and the ideal partner for the industry," says Günther Apfalter, President of Magna Europe and Magna Steyr. "We are very pleased that we can further strengthen our relationship with the BMW Group and continue to solidify our overall position in the industry with new business like this."
Magna’s cooperation with the Bavarian premium manufacturer started in 2001. In 2003 the first BMW X3 manufactured by Magna rolled off the production line, followed by a series of other models. Since 2017, a part of the total volume of the BMW 5 Series has been manufactured by Magna both with a combustion engine and as a hybrid version.
As a supplier with collective expertise across multiple product areas and the ability to build complete vehicles, the company is uniquely positioned to continue to partner with traditional automakers as well as new entrants in the new mobility landscape. Magna has more than 100 years of experience in vehicle production, in excess of three million vehicles produced to date, and a broad range of engineering and support services.
TAGS BMW Z4, contract vehicle manufacturing, Magna Steyr
INVESTOR CONTACT Louis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com , 905.726.7035
MEDIA CONTACT Tracy Fuerst, Global Director of Corporate Communications & PR tracy.fuerst@magna.com , 248.631.5396
Rej Husetovic, Director Corporate Communications & Media Relations Europe rej.husetovic@magna.com , (+49) 6093 9942-5056
About MAGNA We have more than 172,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world's largest automotive suppliers with 340 manufacturing operations and 93 product development, engineering and sales centres in 28 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit www.magna.com .
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