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Magna Steyr is a big company, known for building parts for such vehicles as BMW X3, Saab 9-3 convertible, Chrysler 300C and Jeep Grand Cherokee. It also gained popularity in headlines after having teamed up with Russian VAZ and purchased Opel from General Motors. Now the company is growing more and plans to start partnership with other auto manufacturers.
The Canadian-Austrian auto parts giant has settled an agreement with Mercedes-Benz which gives it permission to build aluminum bodies for Mercedes-Benz SLS AMG at a manufacturing facility in Graz, Austria. This plant used to belong to Steyr-Daimler-Puch and assembled Mercedes-Benz Geländewagen for 30 years.
The production of SLS parts will start next spring. At first Magna engineers are going to help in completing the design of the model and then the company is going to make gull-wing doors, hood and deck lid for the new Mercedes and supply the paintwork for it.
A little later the same plant will start assembling Aston Martin Rapide, Porsche Boxter and Cayman.
Racing cars have their specific requirements and manufacturers have to follow them if they want to build an auto that qualifies for the competition. Indy Racing League has announced the formula for the next-generation racing cars on February 4.
Ford is planning to start the production of the new B-Max at a plant in Romania thanks to a huge loan provided by the European Investment Bank. The vice president of Ford Europe says that the company is getting a $562 million loan, the agreement for which has already been signed last week.
American auto market is full of various brands, but there is another one trying to fit in. The Indian manufacturer Mahindra & Mahindra has unveiled its plans to increase its line of products in Europe and to enter the U.S. market in the nearest future.