We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Magna International Inc | TSX:MG | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.41 | 2.29% | 63.05 | 63.01 | 63.05 | 63.46 | 61.30 | 61.65 | 894,436 | 21:40:21 |
DETROIT, Jan. 18, 2018 /CNW/ - For nearly 40 years, the Mercedes-Benz G-Class has been built in Graz, Austria, initially by Steyr-Daimler-Puch and since 1998 under the flag of Magna International. The tradition of excellence continues with the new G-Class, introduced this week at the North American International Auto Show.
The latest Geländewagen maintains the DNA that has earned it a reputation as one of the most capable and legendary off-road vehicles in history, while also adding more technology and space to the vehicle's interior. Working on behalf of Daimler, it all comes together in Magna's assembly hall in Graz, Austria.
In a pristine automotive assembly environment, Magna team members build each G-Class with precision. Magna's contract manufacturing team takes immense pride in their knowledge and skill at making superlative automobiles for the most discerning customers.
Within this environment of craftsmanship and world-class manufacturing, Magna also employs the latest technologies to keep the operation efficient and optimized. Smart factory tools such as mixed-reality glasses have been implemented into the G-Class quality inspection process.
"Being the contract manufacturing partner for Daimler AG since 1979 is for me an expression of the constant trust that our customer places in Magna," said Guenther Apfalter, President Magna Europe & Magna Steyr. "With the production of the new Mercedes-Benz G-Class we are able to continue demonstrating our competencies as a highly flexible and experienced contract manufacturing partner."
Since the beginning of G-Class production, more than 300,000 of the iconic off-road vehicles have been produced in Graz. Since 2014 the production contract between Daimler AG and Magna has been successively extended and now runs through to 2023. Currently, the plant is producing more units than ever before due to model variations and the popularity of the vehicle in expanding global markets.
TAGS
Contract manufacturing, Mercedes-Benz G-Class, off-road vehicles, SUV, icons
ABOUT MAGNA
We have more than 163,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a technology company and one of the world's largest automotive suppliers with 328 manufacturing operations and 99 product development, engineering and sales centres in 29 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 Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit www.magna.com.
THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE "FORWARD-LOOKING STATEMENTS" UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA'S REGULATORY FILINGS. PLEASE REFER TO MAGNA'S MOST CURRENT MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA'S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA'S WEBSITE AT WWW.MAGNA.COM.
SOURCE Magna International Inc.
Copyright 2018 Canada NewsWire
1 Year Magna Chart |
1 Month Magna Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions