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It looks like Ford won't be the only company getting lithium ion battery packs from Magna International. The Magna Steyr division of the supplier announced last week that it will begin production of packs at its plant in Graz, Austria next month. The packs will be supplied to Volvo for use in its buses, heavy duty trucks and garbage trucks equipped with hybrid powertrains. Volvo uses a parallel hybrid system for its vehicles.
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Magna tried and lost when Chrysler was for sale. Pulling a Marchionne, Magna's now trying to win GM Europe's Opel division for itself, and rumor is that Saturn is also on the shopping list. GM would get much-needed capital for the transactions, but it could also be facing its old properties as new competition. Of course, coughing up the money might be difficult, considering Magna's taken
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It appears that Magna Steyr wants to expand their horizons in the wake of losing the BMW X3 assembly business. At the Advanced Automotive Battery and Ultracapacitor Conference (AABC), Battery Systems Product Manager Peter Pichler announced that series production of Magna's lithium ion battery packs would be in production in 2009. The initial packs will u
Damon reported the other day that BMW has decided to shift production of the next generation X3 to their Spartanburg, SC plant. While that's good news for the employees in Spartanburg, it's the second big loss for Magna International this week. After losing out to Cerberus in the bidding for Chrysler, they are on the short end of the X3 production deal.
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