VW Dismisses Magna NA Production Alliance Rumor

GENEVA – Volkswagen AG denies having any discussions with Magna Steyr Fahrzeugtechnik AG & Co. KG regarding contracting with the supplier to build vehicles in the U.S.

VW Chairman Bernd Pischetsrieder says there are no plans to use Magna Steyr to build vehicles for the Volkswagen or Audi brands in the U.S. (See related story: Audi N.A. Chief Advocates U.S. Plant)

Magna is investigating the possibility of copying its Graz, Austria, manufacturing scheme in North America in the coming years. The niche vehicle manufacturer builds vehicles in Graz for DaimlerChrysler AG, BMW AG and Saab Automobile. (See related story: Magna Says North American Plant On Radar)

Pischetsrieder says VW will not make a decision on the possibility of producing vehicles in the U.S. until at least the end of the decade. The auto maker currently has numerous underutilized plants in Europe and South America.

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