- Magna's exhibit located in Hall 6, Booth 6162
- Only contract manufacturer to produce vehicles with different powertrains on a single production line
- Networked smart factory provides efficient and competitive operations¿
Beginning this year, approximately 200,000 vehicles will roll off the line each year at Magna's facility in Graz. Four different models from three car manufacturers will be assembled in one plant, ensuring it will be operating at high capacity.Magna Steyr has built the iconic G-Class for Daimler since 1979, and the recently unveiled latest generation will continue to be produced in Graz. Since March 2017 the Austrian plant has also manufactured BMW 5 Series models equipped with both conventional and plug-in hybrid powertrains. Completing the current contract manufacturing line-up in Graz, production of the Jaguar E-PACE started in late 2017. A second Jaguar model, the I-PACE electric vehicle, will also be produced by Magna. The latest production techniques are employed at the Graz complex. Magna Steyr is widely viewed as a pioneer in the areas of production flexibility, agility and networking. The networked smart factory uses digital communication between employees, machines, products, and resources to provide efficient and competitive production operations. TAGSContract manufacturing, production expertise, complete vehicle competence, Magna, Magna Steyr INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations firstname.lastname@example.org, 905.726.7035 MEDIA CONTACTS Tracy Fuerst, Global Director of Corporate Communications & PR email@example.com, 248.631.5396 Rej Husetovic, Director Corporate Communications & Media Relations Europe firstname.lastname@example.org, (+49-6093) 9942-5056 ABOUT MAGNAWe have more than 168,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a technology company and one of the world's largest automotive suppliers with 335 manufacturing operations and 96 product development, engineering and sales centres in 28 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, 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 .