Company Overview of MAGNA STEYR AG & Co KG
MAGNA STEYR AG & Co KG provides vehicle engineering and contract manufacturing services for the automotive industry primarily in North America, Europe, Asia, South America, and Africa. The company designs, develops, and manufactures automotive systems, assemblies, modules, and components; and engineers and assembles complete vehicles primarily for sale to original equipment manufacturers of cars and light trucks. Its portfolio includes automotive interior systems; seating systems; closure systems; metal body and chassis systems; mirror/vision systems; exterior systems; roof systems; electronic systems; powertrain systems; and fuel and battery systems. The company was founded in 2001 and is b...
Liebenauer Hauptstraße 317
Founded in 2001
Key Executives for MAGNA STEYR AG & Co KG
Co-Chief Executive Officer and Director
Co-Chief Executive Officer and Director
Chief Financial Officer and Member of Supervisory Board
Compensation as of Fiscal Year 2014.
MAGNA STEYR AG & Co KG Key Developments
MAGNA STEYR Seeks Acquisitions
Jul 18 14
MAGNA STEYR AG & Co KG seeks acquisitions. According to IHS Global Insight Daily Analysis, President of vehicle technology and engineering Karl-Friedrich Stracke said: "We are watching the M&A market very closely and are already looking at ways that we can become stronger. But it must be a true enhancement that brings us additional expertise. Just buying additional capacity makes no sense. A purchase has to fit strategically and contribute to our ability to offer our customers better service. That is the goal. We are looking at companies involved with electronics and on-board networks or with alternative powertrains as their focus." He added: "We have already mastered the integration of such technologies into the entire vehicle. Overall vehicle expertise has been a traditional Magna Steyr strength. However, this requirement is now coming from our Chinese customers, and that means we have to build up more overall vehicle know-how there. In China, however, the focus is on organic growth."
Magna Steyr Signs New Manufacturing Contract with BMW Group
Jan 30 14
Magna International announced that its Magna Steyr operating unit will continue its collaboration with the BMW Group through a new vehicle manufacturing contract for its facility in Graz, Austria. The new production program would start following the end of production of the current MINI models MINI Countryman and MINI Paceman being assembled by Magna Steyr in Graz. Currently Magna Steyr is manufacturing for the BMW Group the MINI Paceman and the MINI Countryman.
Magna Steyr Modernizes and Expands Production for Mercedes-Benz G-Class at Graz Location
Sep 27 13
Magna International Inc. announced that its Magna Steyr operating unit has launched an extensively modernized and expanded Mercedes-Benz G-Class production plant at its Graz location. After only five weeks of renovation, Magna Steyr presented the newly overhauled 63,000-square-meter production area with expanded production capacities to customers. The renovation work was the result of nearly 10 months of planning and preparation, and is highlighted by the addition of an assembly line as well as equipment upgrades and new assembly technologies throughout the plant to increase overall production capacity and improve the flow of assembly. For the approximately 1,500 employees who work in the Mercedes-Benz G-Class production plant, the enhancements offer ergonomically optimized workplaces and increased work safety. The Mercedes-Benz G-Class has been rolling off the Magna Steyr production lines in Graz for 34 years, during which time more than 230,000 of the iconic off-road vehicles have been produced. In 2012 the production contract between Mercedes-Benz and Magna Steyr was extended for another seven years – until 2019. Currently, the plant is producing more units than ever before due to model variations and the popularity of the vehicle in expanding global markets such as China and the Middle East.
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