DETROIT — For more than a year, Magna International Inc. has talked about building a new plant in North America to assemble niche vehicles for automaker customers, much like its Steyr Fahrzeugtechnik plant in Graz, Austria. Magna now has a new strategy: using existing auto assembly plants rather than building a greenfield site. With the current overcapacity of automaker plants, the strategy makes sense, says Siegfried Wolf, president and chief executive officer of the newly created Magna ...
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