News Release - Magna to Produce the New Z4 for the BMW Group
- BMW Z4 marks the fifth vehicle nameplate Magna is producing in Graz, Austria, for customers
- Production will start at the end of 2018
- Magna's unique capabilities make it an ideal mobility partner
SAILAUF, Germany,
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"Our expertise in complete vehicle engineering and production makes us unique and the ideal partner for the industry," says Günther Apfalter, President of Magna Europe and Magna Steyr. "We are very pleased that we can further strengthen our relationship with the
Magna's cooperation with the Bavarian premium manufacturer started in 2001. In 2003 the first BMW X3 manufactured by Magna rolled off the production line, followed by a series of other models. Since 2017, a part of the total volume of the BMW 5 Series has been manufactured by Magna both with a combustion engine and as a hybrid version.
As a supplier with collective expertise across multiple product areas and the ability to build complete vehicles, the company is uniquely positioned to continue to partner with traditional automakers as well as new entrants in the new mobility landscape. Magna has more than 100 years of experience in vehicle production, in excess of three million vehicles produced to date, and a broad range of engineering and support services.
TAGS
BMW Z4, contract vehicle manufacturing, Magna Steyr
INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, 905.726.7035
MEDIA CONTACT
Tracy Fuerst, Global Director of
tracy.fuerst@magna.com, 248.631.5396
Rej Husetovic,
rej.husetovic@magna.com, (+49) 6093 9942-5056
About MAGNA
We have more than 172,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world's largest automotive suppliers with 340 manufacturing operations and 93 product development, engineering and sales centres in 28 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the
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