The talks reportedly have included scenarios ranging from Magna obtaining a minority stake in the VW plant, acquisition of individual departments or an outright sale to the contract assembler and automotive supplier.
“With the withdrawal of anti-government forces from key regions of Syria, Iran Khodro is now capable of restoring its sites in the war-torn country,” an executive with Iran’s leading vehicle manufacturer says.
With the lifting of sanctions against Iran in exchange for curtailing its nuclear program, Chinese automakers will face more competition as other foreign companies step up production in the country, increase imports, or both.
JLR is expected to create up to 4,000 direct jobs at its Slovak plant. But its location within 100 miles of Volkswagen, PSA and Kia facilities has raised concerns the luxury automaker may have trouble finding enough qualified workers.
The contract assembler’s current portfolio at Graz includes the Mercedes-Benz G-Class, Mini Countryman and Paceman and Peugeot RCZ. But of the four models, only G-Class production will continue after 2016.