Magna Steyr

Q&A

Magna Steyr hunts acquisitions that will add expertise

12:01 am U.S. ET | Aug. 4, 2014
To compete in the hotly contested market for engineering services, Austrian supplier Magna Steyr is heading in new directions. Karl-Friedrich Stracke, head of contract manufacturing and engineering at the unit of Magna International Inc., is betting on targeted acquisitions and growth in China....
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Ex-Opel CEO Stracke eyes acquisitions to boost Magna Steyr's engineering unit

July 11, 2014 06:01 CET
Karl-Friedrich Stracke, Magna Steyr's head of vehicle technology and engineering, is betting on acquisitions in China. The supplier is watching the M&A market very closely, Stracke said in an interview....
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China's Qoros challenges Europeans on home turf

March 6, 2014 10:54 CET
Chinese automaker Qoros is out to challenge VW, PSA and other Europeans on their home turf, signaling a broader push by the country's car manufacturers to target Western customers....
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Magna's Q4 net income jumps 31%

12:51 pm U.S. ET | March 3, 2014
Magna International said its fourth-quarter profit jumped 31 percent, driven by a pickup in North America and Europe, and hiked its dividend. Net income attributable to the company rose to $458 million in the fourth quarter, from $351 million a year earlier, the company said in a statement....
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BMW will end Mini production at Magna Steyr in 2016, report says

Jan. 30, 2014 17:14 CET
BMW Group will end production of Mini cars at Austrian contract manufacturer Magna Steyr in 2016, a report said....
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Magna Steyr expects to boost auto output to 140,000

Dec. 13, 2013 06:01 CET
Magna Steyr, which builds cars for BMW and Mercedes, expects production at its plant in Austria to exceed 140,000 vehicles in 2013, up from 123,602 last year....
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