Magna Steyr in Graz, Austria, now builds solely the Mercedes-Benz G-Class
The overflow factory of choice for car makers in the UK and Germany and is facing an uncertain future after the planned and unplanned ending of contracts leave it with just one vehicle to build. Magna Steyr in Austria, a division of Canadian automotive giant Magna International, is a contract manufacturer of long-standing that has built over four million examples of 34 different models during its life.
That’s more lucrative than just assembly, which is why it’s taking a bigger hit on reduced G-Class content than the entire loss of assembly of the Fisker Ocean. As consequence Magna is restructuring its Graz business, CEO Swamy Kotagiri said on the second quarter call, without being specific. The problem Magna faces is that the contract manufacturing business model itself is under threat, as the company notes in its second quarter report.
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