{"id":747938,"date":"2023-04-17T04:03:26","date_gmt":"2023-04-17T08:03:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\/"},"modified":"2023-04-17T04:03:26","modified_gmt":"2023-04-17T08:03:26","slug":"magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\/","title":{"rendered":"Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive"},"content":{"rendered":"<div class=\"mw_release\">\n<ul>\n<li>New business award includes engineering and manufacturing of the INEOS Automotive electric off-road vehicle<\/li>\n<li>Production expected to start in 2026<\/li>\n<li>Builds on Magna\u2019s expertise as the largest multi-OEM complete vehicle manufacturer<\/li>\n<\/ul>\n<p>AURORA, Ontario, April  17, 2023  (GLOBE NEWSWIRE) &#8212; Magna is adding a new customer in engineering and complete vehicle manufacturing with the announcement that it has been awarded a contract to manufacture the all-new INEOS Automotive electric off-road vehicle contract \u2013 which is expected to start production in Graz, Austria in 2026. In addition to manufacturing, Magna will also be responsible for the engineering of the complete vehicle.<\/p>\n<p>\u201cWe are excited to have been chosen as INEOS Automotive\u2019s strategic manufacturing partner, building on the strength of our existing relationship in vehicle engineering,\u201d said Roland Prettner, Interim President, Magna Complete Vehicles. \u201cThis new electric vehicle adds nicely to our line-up in Austria and showcases our flexibility in producing a range of vehicles from ICE-based to fully electric.\u201d<\/p>\n<p>Magna started working with INEOS Automotive in 2018 on complete vehicle engineering services ahead of the launch of the company\u2019s first 4X4, the Grenadier.<\/p>\n<p>&#8220;Having worked together on the engineering of our crucial first product, we\u2019ve seen first-hand the value of applying Magna\u2019s agility, expertise and experience to a complete vehicle development program,\u201d said Lynn Calder, CEO of INEOS Automotive. \u201cDeepening our collaboration is a natural next step as we use the Grenadier as a springboard for our continued growth as a global automotive brand with our second model line. We\u2019ll once again work with the very best partners to launch another world-class product to our customers in 2026.\u201d<\/p>\n<p>Magna has provided complete vehicle services to global automakers for decades. The company has produced more than four million vehicles including different models for both traditional automakers and new entrants from its facilities in Graz, Austria, and Zhenjiang, China (a joint venture with BJEV).<\/p>\n<p>\u201cAs a leading global contract manufacturer with a strong infrastructure and a highly qualified workforce, Magna is ideally positioned to support automakers like INEOS Automotive in turning their mobility vision into reality,\u201d added Prettner.<\/p>\n<p>\n        <strong>TAGS<\/strong><br \/>\n        <br \/>INEOS Automotive, Complete Vehicles, Vehicle Engineering, Mobility, Contract Manufacturing, Electric Vehicles<\/p>\n<p>\n        <strong>INVESTOR CONTACT<\/strong><br \/>\n        <br \/>Louis Tonelli, Vice-President, Investor Relations <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=WRLH4MZiwQGg-xIrsQ9tvZzmUk6sLDaShwlmamAXhJwoGrRZs-ooeMKmWXUdfcAMb1j9JhbC24eeh8Lnpff_6Il5kyg7XCJCuBTQZBNNMlU=\" rel=\"nofollow noopener\" target=\"_blank\">louis.tonelli@magna.com<\/a>, 905-726-7035<\/p>\n<p>\n        <strong>MEDIA CONTACT<\/strong><br \/>\n        <br \/>Tracy Fuerst, Vice President, Corporate Communications &amp; PR<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=L_g2tDBXKV9jxYOOJ_wq89jxFgL6F2qrlTKV4nzcyYlJ1Jw0M61OFfTWLq3K-fOc3QTrr68JwCPqA29BtdD_NP4cgpj-_mW6n984g4SJaKk=\" rel=\"nofollow noopener\" target=\"_blank\">tracy.fuerst@magna.com<\/a>, 248-761-7004<\/p>\n<p align=\"justify\">\n        <strong>ABOUT MAGNA<br \/><\/strong>Magna is more than one of the world&#8217;s largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 168,000 employees and an organizational structure designed to innovate like a startup. With 65+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 343 manufacturing operations and 88 product development, engineering and sales centres spanning 29 countries.<\/p>\n<p align=\"justify\">For further information about Magna (NYSE:MGA; TSX:MG) please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PykYxoW4QyKFL2r1cqokiMxZ_3BtprEpLtXsstRhPoufR_FM7_H4Kki0NN4IzpAGxNSnhrg42RVBM0-Yl4o2QA==\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.magna.com<\/u><\/a>.<\/p>\n<p>\n        <strong>THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE \u201cFORWARD-LOOKING STATEMENTS\u201d UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA\u2019S REGULATORY FILINGS. PLEASE REFER TO MAGNA\u2019S MOST CURRENT MANAGEMENT\u2019S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA\u2019S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA\u2019S WEBSITE AT <\/strong><br \/>\n        <strong>WWW.MAGNA.COM<\/strong><br \/>\n        <strong>.<\/strong>\n      <\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Xn6OOEbZisnz1Q1ogauliVagPkxQ28fIrDtsMvGQAJGtCCR8a_IYN7NJGXxd0qEXNNQhORes5btOBIDmTLgsd2PGySiPCcG16MOZZr8ed7zkgtEr5z-4btKBiRZeupedntSAZSf5zz7R26cLalqV2tJWoYhB70vfwx8IpPxD_PpRROHXqzQe5etdE_MVj6KlqXjIrKgxfT-5lDLyujD6HIa-Ls67ezJtnEqYME8xVpOq2PJQLphsbCRInc17Gk3gO4CyihtaDOx1zoK3h5RxxA==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/18331dae-c1e1-4e88-a5b2-6bcc2926ed60<\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwODMwMCM1NTI3MTMwIzIwMDg4MTU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NzBhZDdlNjMtYTQxYS00ODFjLTlhMWUtZjdjNDVmZDIwNWI4LTEwMjAzODg=\/tiny\/Magna-International-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New business award includes engineering and manufacturing of the INEOS Automotive electric off-road vehicle Production expected to start in 2026 Builds on Magna\u2019s expertise as the largest multi-OEM complete vehicle manufacturer AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) &#8212; Magna is adding a new customer in engineering and complete vehicle manufacturing with the announcement that it has been awarded a contract to manufacture the all-new INEOS Automotive electric off-road vehicle contract \u2013 which is expected to start production in Graz, Austria in 2026. In addition to manufacturing, Magna will also be responsible for the engineering of the complete vehicle. \u201cWe are excited to have been chosen as INEOS Automotive\u2019s strategic manufacturing partner, building on the strength of our existing relationship &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-747938","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New business award includes engineering and manufacturing of the INEOS Automotive electric off-road vehicle Production expected to start in 2026 Builds on Magna\u2019s expertise as the largest multi-OEM complete vehicle manufacturer AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) &#8212; Magna is adding a new customer in engineering and complete vehicle manufacturing with the announcement that it has been awarded a contract to manufacture the all-new INEOS Automotive electric off-road vehicle contract \u2013 which is expected to start production in Graz, Austria in 2026. In addition to manufacturing, Magna will also be responsible for the engineering of the complete vehicle. \u201cWe are excited to have been chosen as INEOS Automotive\u2019s strategic manufacturing partner, building on the strength of our existing relationship &hellip; Continue reading &quot;Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-17T08:03:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwODMwMCM1NTI3MTMwIzIwMDg4MTU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive\",\"datePublished\":\"2023-04-17T08:03:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\\\/\"},\"wordCount\":635,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgwODMwMCM1NTI3MTMwIzIwMDg4MTU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\\\/\",\"name\":\"Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\/","og_locale":"en_US","og_type":"article","og_title":"Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive - Market Newsdesk","og_description":"New business award includes engineering and manufacturing of the INEOS Automotive electric off-road vehicle Production expected to start in 2026 Builds on Magna\u2019s expertise as the largest multi-OEM complete vehicle manufacturer AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) &#8212; Magna is adding a new customer in engineering and complete vehicle manufacturing with the announcement that it has been awarded a contract to manufacture the all-new INEOS Automotive electric off-road vehicle contract \u2013 which is expected to start production in Graz, Austria in 2026. In addition to manufacturing, Magna will also be responsible for the engineering of the complete vehicle. \u201cWe are excited to have been chosen as INEOS Automotive\u2019s strategic manufacturing partner, building on the strength of our existing relationship &hellip; Continue reading \"Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\/","og_site_name":"Market Newsdesk","article_published_time":"2023-04-17T08:03:26+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwODMwMCM1NTI3MTMwIzIwMDg4MTU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive","datePublished":"2023-04-17T08:03:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\/"},"wordCount":635,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwODMwMCM1NTI3MTMwIzIwMDg4MTU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/magna-adds-to-its-complete-vehicle-manufacturing-lineup-with-an-all-new-electric-vehicle-from-ineos-automotive\/","name":"Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive - 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