tiprankstipranks
Magna announces production milestone, 500,000 Mercedes G-class vehicles
The Fly

Magna announces production milestone, 500,000 Mercedes G-class vehicles

The Mercedes G-Class (MBGYY) is one of the most iconic luxury SUVs globally and has been built by Magna (MGA) since 1979. The legendary off-road vehicle entered its 44th year of production in Graz, Austria and has reached the historic mark of 500,000 produced vehicles. "A half a million of this iconic vehicle is a significant milestone which underscores Magna’s competencies as a highly flexible and experienced contract manufacturing partner. Our partnership with Mercedes-Benz has been one built on trust and collaboration which is reflected in the longevity of the program in our Graz facility," says Roland Prettner, Interim President of Magna Steyr.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on MGA:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles