01:40:14 EDT Fri 29 Mar 2024
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Magna International Inc
Symbol MG
Shares Issued 358,325,403
Close 2018-01-18 C$ 73.90
Market Cap C$ 26,480,247,282
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Magna manufactures G-Class Mercedes

2018-01-18 09:11 ET - News Release

Mr. Guenther Apfalter reports

MAGNA SUPPORTS NEW G-CLASS WITH WORLD-CLASS CONTRACT MANUFACTURING

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 Inc. The tradition of excellence continues with the new G-Class, introduced this week at the North American International Auto Show.

The latest Gelandewagen 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 its 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.

About Magna International Inc.

The company has more than 163,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. Magna is 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. The company's competitive capabilities include body exteriors and structures, power and vision technologies, seating systems, and complete vehicle solutions.

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