2023-04-20 07:41:53 ET
Magna International ( NYSE: MGA ) announced that it hit a major milestone with 500K Mercedes-Benz ( OTCPK:MBGAF ) G-Class vehicles now produced through its long partnership with the German automaker.
The company called the achievement a significant milestone which underscores its competencies as a highly flexible and experienced contract manufacturing partner.
The auto industry supplier noted that its carbon neutral state-of-the-art facility can accommodate vehicles with conventional, hybrid and electric powertrains, some on the same production line, providing versatility no other independent manufacturer can match. That distinction is said to make Magna is a key strategic partner for existing automakers and new entrants, who are in need of engineering, design, and manufacturing.
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Magna International hits major milestone in Mercedes-Benz partnership