Magna Celebrates a Production Milestone: 500,000 Mercedes G-Class Vehicles
20 Abril 2023 - 6:30AM
The Mercedes G-Class is one of the most iconic luxury SUVs globally
and has been built by Magna since 1979. The legendary off-road
vehicle entered its 44th year of production in Graz, Austria and
has reached the historic mark of 500,000 produced vehicles.
“A half a million of this iconic vehicle is a significant
milestone which underscores Magna’s competencies as a highly
flexible and experienced contract manufacturing partner. Our
partnership with Mercedes-Benz has been one built on trust and
collaboration which is reflected in the longevity of the program in
our Graz facility,” says Roland Prettner, Interim President of
Magna Steyr.
Magna’s carbon neutral state-of-the-art facility can accommodate
vehicles with conventional, hybrid and electric powertrains, some
on the same production line, providing versatility no other
independent manufacturer can match. As one of the world’s leading
contract manufacturers, Magna is a key strategic partner for
existing automakers and new entrants, who are in need of
engineering, design, and manufacturing. Over the years, 31
different models have rolled off the production lines in various
quantities, making a total of more than four million vehicles.
TAGSNew Mobility, Complete Vehicles, Vehicle Manufacturing,
Production Milestone
INVESTOR CONTACTLouis Tonelli, Vice-President, Investor
Relations louis.tonelli@magna.com, 905-726-7035
MEDIA CONTACTTracy Fuerst, Vice President, Corporate
Communications & PRtracy.fuerst@magna.com, 248-761-7004
ABOUT MAGNAMagna is more than one of the world's largest
suppliers in the automotive space. We are a mobility technology
company with a global, entrepreneurial-minded team of 168,000
employees and an organizational structure designed to innovate like
a startup. With 65+ years of expertise, and a systems approach to
design, engineering and manufacturing that touches nearly every
aspect of the vehicle, we are positioned to support advancing
mobility in a transforming industry. Our global network includes
343 manufacturing operations and 88 product development,
engineering and sales centres spanning 29 countries.
For further information about Magna (NYSE:MGA; TSX:MG) please
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7f3ce1ee-1286-4f8d-90c0-3d9e3ea97033
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