Magna Steyr Builds Mercedes Until 2020

IndustrialsAutomotive ♦ Published: February 8, 2012; 14:06 ♦ (Vindobona)

The contract between the German Daimler Group and the Austrian automotive supplier has been extended. However, Magna had to make concessions.

Magna Steyr Builds Mercedes Until 2020 / Picture: © Magna

Magna builds Mercedes G-class until 2020, but has to grant lower prices to Daimler. The contract will be signed soon. The German automobile group wants to increase production to 8,500 items in 2012. Possibly, the order volume could increase up to 10,000 items per year.

Due to the rising cost pressure, Magna considers moving to Eastern Europe. Concrete plans do already exist. It…