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SuppliersMagna gets Eurostar, DC businessMagna gets Eurostar, DC business
Magna International Inc. confirms it has an agreement to purchase the Eurostar assembly plant in Graz, Austria, from DaimlerChrysler AG for an undisclosed price. The deal should close in summer. Chrysler Group President and CEO Dieter Zetsche says the sale will save DC significant money. Magna needed the capacity to build the BMW X3 cross/utility vehicle, at an annual volume of up to 100,000 units.
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