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November 25, 2015 8:06 AM ET

Auto Components

Company Overview of MAGNA STEYR AG & Co KG

Company Overview

MAGNA STEYR AG & Co KG provides vehicle engineering and contract manufacturing services for the automotive industry. The company offers engineering services, which include development and integration of modules and systems focusing specifically on complete vehicle, body and trim, electrics/electronics, chassis and powertrain, prototype, ACTS, aerospace, and styling; and contract manufacturing services specializing in meeting assembly specifications from extra-low to volume production. It also manufactures fuel tanks for passenger cars and trucks; filler tubes and filler necks; filler cap modules; tank caps and oil caps; diesel misfuelling protection; fuel supply units/valves; components for ...

Liebenauer Hauptstraße 317

Graz,  8041


Founded in 2001


43 316 404 0


43 316 404 2671

Key Executives for MAGNA STEYR AG & Co KG

Co-Chief Executive Officer and Director
Age: 58
President, Member of Management Board and Member of Supervisory Board
Age: 55
Founder, Chairman of the Board and Chairman of Nominating Committee
Age: 82
Vice President of Finance and Member of The Management Board
President of Roof Systems, Vice President of Engineering and Member of the Management Board
Age: 50
Compensation as of Fiscal Year 2015.

MAGNA STEYR AG & Co KG Key Developments

MAGNA STEYR Seeks Acquisitions

MAGNA STEYR AG & Co KG seeks acquisitions. According to IHS Global Insight Daily Analysis, President of vehicle technology and engineering Karl-Friedrich Stracke said: "We are watching the M&A market very closely and are already looking at ways that we can become stronger. But it must be a true enhancement that brings us additional expertise. Just buying additional capacity makes no sense. A purchase has to fit strategically and contribute to our ability to offer our customers better service. That is the goal. We are looking at companies involved with electronics and on-board networks or with alternative powertrains as their focus." He added: "We have already mastered the integration of such technologies into the entire vehicle. Overall vehicle expertise has been a traditional Magna Steyr strength. However, this requirement is now coming from our Chinese customers, and that means we have to build up more overall vehicle know-how there. In China, however, the focus is on organic growth."

Magna Steyr Signs New Manufacturing Contract with BMW Group

Magna International announced that its Magna Steyr operating unit will continue its collaboration with the BMW Group through a new vehicle manufacturing contract for its facility in Graz, Austria. The new production program would start following the end of production of the current MINI models MINI Countryman and MINI Paceman being assembled by Magna Steyr in Graz. Currently Magna Steyr is manufacturing for the BMW Group the MINI Paceman and the MINI Countryman.

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