Jaguar Land Rover contracts with Magna Steyr to build cars in Austria - Automotive News
LONDON (Reuters) -- Jaguar Land Rover has signed a contract to build some vehicles at Magna Steyr's plant in Austria, the UK automaker said today. Magna Steyr, a unit of Canada's Magna International, North America's biggest supplier, will build an unspecified number of models in its Graz factory, because JLR's three British plants are operating close to capacity. The Graz plant also builds Mercedes-Benz, Mini and Peugeot vehicles. A report said a Jaguar-badged subcompact SUV/crossover, called the E-Pace, will be built by Magna Steyr. A JLR spokesman declined to comment on which model or models Magna will build, except to say that production will start after next year. JLR built almost one in three of the UK's 1. 53 million cars in 2014. The automaker was bought by India's Tata Motors from Ford Motor in 2008. JLR is investing 3. 6 billion pounds ($5. 6 billion) on new vehicles and capital expenditure in 2015-16... Magna Steyr builds the Mercedes G class for Daimler, the Mini Countryman and Paceman for BMW and the Peugeot RCZ, according to the Automotive News Europe Guide to European Assembly Plants. Source: www.autonews.com
