Ending months of speculation, BMW AG announces that the Steyr-Daimler-Puch Fahrzeugtechnik AG & Co. plant in Graz, Austria, will assemble the X3 "sports activity vehicle," the smaller sibling of the successful 2-year-old X5. Magna International Inc., the Canadian supplier that acquired Steyr-Daimler-Puch in 1998 and announced last week it would merge the operation with Tesma International Inc., will build a new assembly line in an existing facility in Graz as part of the $450 million ...
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