GRAZ, Austria – In the winter of 2001, Magna Steyr AG & Co. KG executives from Austria visited Detroit to lay out a grand vision to assemble complete vehicles in North America, possibly at a new plant it would build. As an option, Magna said it could take over an existing vehicle assembly plant as the North American industry was wrestling with overcapacity. Chrysler Group, for instance, was in trouble and planned to shutter two facilities. Five years later, Magna Steyr still has no ...

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