Magna Steyr Reaches 1,000,000 Vehicles Produced for German Premium OEM

PR Newswire

GRAZ, Austria, May 7, 2014 /PRNewswire/ - Magna International Inc. announced today that its Magna Steyr operating unit has reached a significant milestone -- 1,000,000 vehicles produced for the BMW Group from its assembly line in Graz, Austria, since 2003.  This impressive figure includes BMW X3, MINI Countryman and MINI Paceman vehicles. Magna Steyr has been BMW's strategic contract manufacturing and engineering partner for all three models.

"This milestone shows the comprehensive trust in our capability as a vehicle contract manufacturer and the commitment our employees have toward world class quality, ensuring that every vehicle completely satisfies the most exacting standards," said Günther Apfalter, President Magna Steyr and Magna International Europe.

The successful co-operation began in 2001 with the contract for the BMW X3 and has continued seamlessly with the production of the two MINI models which started in 2010. At the start of this year, Magna Steyr and the BMW Group signed a new contract ensuring that the successful partnership between BMW Group und Magna Steyr will continue after the end of the current manufacturing contract for the MINI Countryman and MINI Paceman.

About Magna Steyr

More than 100 years of experience in automobile construction and its comprehensive range of services have turned Magna Steyr, a subsidiary of Magna International, into the world's leading, brand-independent engineering and manufacturing partner for automobile makers. Our extensive range of services consists of the five areas of Engineering Services, Vehicle Contract Manufacturing, Roof Systems, Fuel Systems and Battery Systems. As a contract manufacturer, we have produced some 2.5 million vehicles in 22 models.

About Magna International

We are a leading global automotive supplier with 315 manufacturing operations and 82 product development, engineering and sales centres in 29 countries. We have over 128,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. Our product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at 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.

Image with caption: "Magna's contract manufacturing operation in Graz, Austria, has produced 1,000,000 vehicles for the BMW Group starting in 2003. This figure includes the BMW X3, MINI Countryman and MINI Paceman vehicles. (CNW Group/Magna International Inc.)". Image available at: http://photos.newswire.ca/images/download/20140507_C7096_PHOTO_EN_40062.jpg

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