Magna eyes Daimler plant to build cars for BMW

Article Abstract:

Magna International Inc. is planning to acquire a Eurostar assembly plant in Graz, Austria from DaimlerChrysler AG as a possible location to assemble vehicles for BMW. Magna's plans to merge Tesma International Inc. with Steyr-Daimler-Puch Fahrzeugtechnik GmbH have been delayed since the talks with DaimlerChrysler.

Asset sales & divestitures, Strategy & planning, Austria, Acquisitions & mergers, Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Internal combustion engines, not elsewhere classified, Other Engine Equipment Manufacturing, Engine Parts & Accessories, Mergers, acquisitions and divestments, DCX, Internal combustion engine industry, Engine parts, Daimler AG, Tesma International Inc., Steyr-Daimler-Puch Fahrzeugtechnik GmbH

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Magna lands deal to build BMWs

Article Abstract:

BMW has given a new contract to Aurora, Ont.-based Magna International Inc. The deal, in which Magna will produce BMW's X3 sport utility vehicles in Austria, is part of Magna's startegy to become a niche vehicle manufacturer.

Capital expenditures, New orders received, Utility Vehicles, Light Truck and Utility Vehicle Manufacturing, Finance, Sport utility vehicles

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Magna see $1billion boost in BMW contract

Article Abstract:

Magna International lands billion dollar contract. Company officals announced a $1 billion contract with Bayerische Motoren Werke AG to build an assembly line and assemble vehicles for the company.

Contracts & orders received, Company Profile

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