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.
Audi CEO vacates roles with Piech family foundationMarch 3, 2017
Magna considers new contract assembly plant in EuropeDec. 13, 2016
Magna Steyr may build a new plant in Europe as its Austrian factory runs out of capacity, Guenther Apfalter, the head of its European business, said. The contract manufacturer will begin output of the BMW 5 series and Jaguar I-Pace next year.
Panasonic in final talks to buy headlight maker ZKW, report saysDec. 5, 2016
Panasonic is in the final stages of talks to buy Austrian automotive headlight maker ZKW Group for up to $1 billion, accelerating its push into the automotive electronics market, the Nikkei business daily reported today.
Jaguar will build I-Pace electric SUV with Magna Steyr, CEO saysNov. 18, 2016
Jaguar will build its forthcoming I-Pace full-electric crossover with contract manufacturer Magna Steyr in Austria, Jaguar Land Rover CEO Ralf Speth told Automotive News Europe. The British automaker previewed its first electric vehicle at the Los Angeles auto show this week. Sales of the I-Pace will begin in 2018.