Magna Steyr

Magna Steyr

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Magna Steyr

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Description:
Magna Steyr Fahrzeugtechnik AG & Co KG is an automobile manufacturer based in Oberwaltersdorf, Austria, with its primary manufacturing location in Graz. It is a subsidiary of Canadian-based Magna International and was previously part of the Steyr-Daimler-Puch conglomerate.

Magna Steyr engineers, develops and assembles automobiles for other companies on a contractual basis; therefore, Magna Steyr is not an automobile marque. In 2002, it absorbed Daimler AG's Eurostar vehicle assembly facility. The company's vehicle assembly capacity reached 200,000 vehicles a year. It is the largest contract manufacturer for automobiles worldwide, and has several manufacturing sites, with its main car production in Graz in Austria.

Magna Steyr developed Mercedes-Benz's "4Matic" four-wheel drive (4wd) system, and assembles all E-Class 4Matic models. The company also undertook substantial development on the BMW X3 and manufactures all first generation X3s, and developed several cars on behalf of manufacturers such as the Audi TT, Fiat Bravo and Peugeot RCZ.

History

Magna Steyr AG & Co KG was founded in 2001 after Magna International Inc. acquired a majority shareholding in Steyr-Daimler-Puch AG three years earlier.

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