Magna Steyr

MAGNA STEYR AG & Co KG

Type	Limited public partnership (AG & KG)
Industry	Automotive
Predecessor	Steyr-Daimler-Puch
Founded	2001
Founder	Frank Stronach
Headquarters	Graz, Austria
Key people	Günther Apfalter, President
Products	contract Automobile manufacturing, automobile components
Services	Consultancy services
Revenue
Number of employees	10,500 (2013)
Parent	Magna International
Website	MagnaSteyr.com

Magna Steyr AG & Co KG is an automobile manufacturer based in Graz, Austria, where also its primary manufacturing plant is located. It is a subsidiary of Canadian-based Magna International and was previously part of the Steyr-Daimler-Puch conglomerate.

Magna Steyr engineers, develops and assembles automobiles for other companies on a contractual basis; therefore, Magna Steyr is not an automobile marque. In 2002, it absorbed Daimler AG's Eurostar vehicle assembly facility. The company's vehicle assembly capacity reached 200,000 vehicles a year. It is the largest contract manufacturer for automobiles worldwide, and has several manufacturing sites, with its main car production in Graz in Austria.

Magna Steyr developed Mercedes-Benz's "4Matic" four-wheel drive (4wd) system, and assembles all E-Class 4Matic models. The company also undertook substantial development on the BMW X3 and manufactured all of original X3s (model code E83), the Aston Martin Rapide and developed several cars on behalf of manufacturers such as the Audi TT, Fiat Bravo and Peugeot RCZ.

Magna Steyr AG & Co KG was founded in 2001 after Magna International Inc. acquired a majority shareholding in Steyr-Daimler-Puch AG three years earlier.

In March 2017 Magna Steyr started to produce new BMW 5 Series sedan; the production is split with BMW Group's manufacturing plant in Dingolfing, Germany. In early December 2016 Magna International has announced it will build the new Jaguar Land Rover I-Pace, the company’s first-ever battery electric vehicle. Production for the I-Pace is slated to begin in early 2018.