OBERWALTERSDORF, Austria – North America will play an increasingly important role in Magna Steyr Fahrzeugtechnik AG & Co. KG’s future, says outgoing President and CEO Herbert Demel. X3 Magna’s biggest production contract. “It is important to build up expertise also in North America,” says Demel, who officially takes over as CEO of Fiat Auto SpA this weekend. (See related story: Fiat Names Demel to Replace CEO Boschetti) Demel, in a farewell meeting with Austrian automotive ...

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