Magna Steyr might form Chinese language vehicles in Europe

BE desk

Magna World is in talks to make automobiles for Chinese language manufacturers in Europe as they make bigger within the patch.

The provider’s Magna Steyr guarantee production facility in Graz, Austria has some alternative output capability, in step with Magna Europe President Uwe Geissinger.

“Whether we make them in Graz or a new facility depends on how the talks turn out,” he mentioned in an interview.

The Austrian-Canadian provider has been generating vehicles for the Chinese language marketplace for BAIC at a joint-venture facility within the Asian nation however will tread sparsely with regards to life partnerships.

“We are closely studying the financial standing of any new production partner,” Geissinger mentioned.

“Many Chinese automakers we do not expect to survive — maybe one in ten will.”

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