GRAZ, Austria - Magna International Inc. will supply steel stampings for Chrysler Voyagers and Jeep Grand Cherokees built here beginning next year.
Magna will build a stamping plant within 30 miles of Graz to make possible just-in-time deliveries. The company will begin supplying body panels in August 1998, when 1999 models roll off production lines.
Until now, all steel body parts for Grand Cherokees and Voyagers have been shipped from the United States to Graz.
The plant will be operated by Magna Body and Chassis Systems Division, which also holds several Chrysler contracts in the United States. Magna is Canada's largest supplier and ranks No. 7 on the Automotive News list of top original equipment suppliers to North America.
Voyagers are built by Eurostar, a manufacturing joint venture between Chrysler and Steyr-Daimler-Puch Fahrzeugtechnik. Grand Cherokees are built by Steyr under license.
Good relations with Chrysler were decisive in awarding the contract to Magna in the face of strong competition, said Eurostar executive Stephen Alcock.
Magna Body and Chassis also regards Audi, Opel and Suzuki plants in nearby Hungary as potential customers. In the first stage, investments will total about $70 million.