• Magna adds new customer and additional sports car to its complete vehicle assembly line-up
  • Production to begin in early 2019
  • Further demonstrates the company’s unique position in the industry

DETROIT, Jan. 15, 2019 (GLOBE NEWSWIRE) -- As the global automotive industry convenes at the North American International Auto Show and automakers unveil future vehicles, Magna is proud to announce it will assemble the all-new Toyota GR Supra sports car at its complete vehicle assembly facility in Graz, Austria.  Revealed this week at NAIAS, the Toyota GR Supra is expected to begin production in early 2019.

Magna, through its Magna Steyr operating unit, is a world-leading brand-independent automotive supplier with expertise in design, engineering and complete vehicle manufacturing.  And with the addition of the Toyota GR Supra, the company adds a fourth customer to its current complete vehicle assembly business.   

“This contract from Toyota is a testament to our manufacturing expertise and our ability to deliver on the high quality standards we know our customers expect when building their vehicles,” says Günther Apfalter, President of Magna Europe and Magna Steyr. “This is yet another example of how we are uniquely positioned to support automakers that need additional capacity and new entrants looking for whole vehicle expertise.”

To date, Magna Steyr has produced more than three and a half million vehicles for various customers. 

In addition to building the sports car, with its broad product portfolio, Magna will also be supplying the GR Supra with seats, body stampings, door latches, and liftgate.

TAGS
Contract manufacturing, complete vehicle assembly, Magna Steyr, Toyota Supra

INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, (+1) 905.726.7035

MEDIA CONTACTS
Tracy Fuerst, Global Director of Corporate Communications & PR
tracy.fuerst@magna.com, (+1) 248.631.5396

Rej Husetovic, Director Corporate Communications & Media Relations Europe
rej.husetovic@magna.com, (+49) 6093 9942-5056

ABOUT MAGNA
We have more than 173,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world's largest automotive suppliers with 340 manufacturing operations and 89 product development, engineering and sales centres in 27 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.

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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4a881359-6588-442b-b143-793fa6016f14