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Magna Steyr will build BMW, Toyota sports carsMarch 19
BMW 5-series plug-in hybrid will be built by Magna SteyrJune 19, 2017
Magna International's Magna Steyr unit will build BMW's new 5-series plug-in hybrid at its Austrian factory. Magna sees contract manufacturing of electrified vehicles as a "near-term opportunity" as automakers invest heavily in fully-electric and gasoline-electric hybrid vehicles.