Magna, Mercedes-Benz Strengthen Ties With Expanded Partnership -- Market Talk

Dow Jones

02/12

1317 ET - While the North American auto industry scurries to adapt to the threat of US tariffs, auto-parts maker Magna International is deepening relationships with automakers. Magna and Mercedes-Benz are expanding their partnership, which they say is "strengthened through development and engineering services up to the production of the all-new electric model of Mercedes-Benz's iconic off-roader." Last year, Magna began production of the eDS Duo eDrive system at its Lannach facility in Austria. Magna says the long-term partnership includes the production of more than 500,000 iconic off-roader at Magna's Graz, Austria facility since 1979. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

February 11, 2025 13:17 ET (18:17 GMT)

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