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Tag: Contract Manufacturer
Electric car, the alarm of the unions: “At risk the only existing chain in the Turin area and 46 jobs”
“A further mockery for Turin and Piedmont – continues Chiarle – that would not be able to retain the only car series manufacturer in the territory, in addition to FCA. For years, the FIM has asked that the institutions and the policy take charge of a project in support of the electrical supply chain which… Continue reading Electric car, the alarm of the unions: “At risk the only existing chain in the Turin area and 46 jobs”
SALES OF CARS AND LIGHT COMMERCIAL VEHICLES IN APRIL 2019
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Magna Announces First Quarter Results
Sales of $10.6 billion decreased 2%, compared to global light vehicle production down 7%Excluding foreign currency translation and acquisitions net of divestitures, sales in each segment outpaced global light vehicle productionReturned $403 million to shareholders through dividends of $119 million and $284 million in share repurchases2019 outlook reduced largely to reflect higher expected costs on… Continue reading Magna Announces First Quarter Results
Magna Celebrates Growing Footprint in China With Two Grand Opening Celebrations
Joint venture in Changsha produces lightweight, composite liftgates for fast-growing marketMagna wholly-owned Shanghai plant manufactures active aerodynamic grille shuttersInnovations help lower emissions and improve fuel economy for China customersSHANGHAI, April 30, 2019 (GLOBE NEWSWIRE) — Magna continues to grow its presence in China, as demonstrated by two recent grand opening celebrations.A new plant in Changsha,… Continue reading Magna Celebrates Growing Footprint in China With Two Grand Opening Celebrations
Magna Steyr Starts Production Of 2020 Toyota GR Supra
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Magna Steyr Starts Production Of 2020 Toyota GR Supra
25 Mar 2019, 12:27 UTC ·
by Mircea Panait
Home > News > Car Profile
Ah, outsourcing! If you were wondering, even Toyota is doing it because of the cost. After all, it’s cheaper to use the tooling and workforce of another company. And thus, the GR Supra is now manufactured in Graz, Austria instead of Motomachi, Japan.
71 photosThis turn of events shouldn’t come as a surprise considering the Supra is related to the Z4, and BMW has a long-running production partnership with Magna Steyr. On the other hand, we can’t imagine that the Austrians have the same quality assurance as Toyota in Japan. Adding insult to injury, the BMW parts utilized by the Supra aren’t the latest word in terms of reliability.
The question is, does reliability matter that much in a sports car? To each his own, but Mazda is a positive example in this regard with the MX-5 Miata. Even though the Supra is available with a 2.0-liter turbo in Europe, the German configurator takes reservations for configurations that start at €62,900.
Over in the United States, the Launch Edition retails at $55,250 and the Supra comes exclusively with the BMW-sourced turbo inline-six engine. Lower down the range, the 3.0 Premium is $53,990 while the 3.0 without Premium starts at $49,990 before destination charge.
Taking the Z4 sDrive30i for reference, the BMW starts at $49,700 with the 2.0-liter TwinPower Turbo inline-four engine. Looking at the bigger picture, both models are expensive from the get-go and both will be produced in limited numbers as a consequence.
Then again, sports cars aren’t selling too well these days. Crossovers and SUVs are at the forefront of demand, and every automaker in the industry is pouring resources into developing crossovers and SUVs as quickly as possible. It’s a matter of supply and demand, and there’s no reason to point the fingers at automakers for these circumstances.
As for the first-ever Supra to roll off the assembly line in Graz, Magna Steyr finished the car in phantom matte grey. The VIN is also special, including 20201 where 2020 marks the model year and 1 indicates the first example of the breed. If you were wondering , VIN 001 has been auctioned by Barrett-Jackson for $2.1 million, and all of the proceeds are going to the Bob Woodruff Foundation and American Heart Association.
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Ride to future: Auto firms are crafting new strategies to stay on track
In this digital era, disruptions have become routine. But not many disruptions are as deep and comprehensive as those facing the automobile industry. With 3% of global car sales today, India is expected to drive half the additional global demand. To be sure, these upheavals have been in the works for a decade now. In… Continue reading Ride to future: Auto firms are crafting new strategies to stay on track
First Quarter 2019 Results Conference Call
AURORA, Ontario, April 24, 2019 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA)INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relationslouis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relationsnancy.hansford@magna.com 905-726-7108 Go to Source
Fisker: Kentucky among 11 states in running for potential auto factory – Courier Journal
Autoplay Show Thumbnails Show Captions Last SlideNext Slide Kentucky is on a list of several states that automaker Fisker Inc. is considering for a manufacturing facility to produce an all-electric SUV — with at least 1,000 full-time jobs. Henrik Fisker, an automotive designer and entrepreneur who founded the company, confirmed his team had been contacted by Kentucky officials as the automaker… Continue reading Fisker: Kentucky among 11 states in running for potential auto factory – Courier Journal
Magna Continues to Expand in Morocco With New Mirrors Facility
Greenfield manufacturing plant being built in Kenitra, Morocco$11.3 million investment, 275 jobsStrategic growth to further support customers in the regionAURORA, Ontario, April 23, 2019 (GLOBE NEWSWIRE) — As the auto industry continues to develop in Morocco, Magna also continues to expand its footprint in the country. The company recently broke ground on construction of a… Continue reading Magna Continues to Expand in Morocco With New Mirrors Facility