Slovakia competes for Magna Steyr

SLOVAKIA is competing for the investment of Austrian carmaker Magna Steyr, which plans to produce 150,000 cars a year in a new central European plant.

After Volkswagen, PSA Peugeot Citroen, and Hyundai/Kia, Magna Steyr would be the fourth big car producer in Slovakia and would see the country rolling out 800,000 to 1,050,000 cars a year in 2008, Hospodárske noviny wrote.

Magna Steyr does final assembly of cars for major car brands including Volkswagen, BMW, and DaimlerChrysler.

Apart from Slovakia, Magna Steyr is also examining investment possibilities in the Czech Republic, Hungary, and Romania.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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