For more than a year, Magna International Inc. has talked about building a plant in North America to assemble niche vehicles, much like its Steyr Fahrzeugtechnik plant in Graz, Austria. At the recent Society of Automotive Engineers conference in Detroit, Magna discussed a new strategy: using existing auto assembly plants. With overcapacity in North America, the strategy makes sense, says Siegfried Wolf, president and chief executive officer of Magna Steyr, one of five operating divisions. ...
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