- Production to start later this year
- Second Jaguar model awarded to Magna
- Strengthens leadership in contract manufacturing
GRAZ, Austria, July 14, 2017 /CNW/ - As SUVs continue strong sales in markets around the world – crossovers and SUVs grew to almost 29 percent of all sales globally in 2016 – automakers are launching new models to meet demand. This Includes Jaguar Land Rover, which announced yesterday that their Jaguar E-PACE compact SUV will be built by Magna at its contract vehicle manufacturing facility in Graz, Austria.
E-PACE production is expected to begin in the fourth quarter of 2017. It is the second model Magna will contract manufacture for Jaguar, following the announcement of the Jaguar I-PACE in December 2016. Production of the I-PACE is planned to start in the first quarter of 2018.
"We are proud to expand our partnership with Jaguar Land Rover and contribute to their new E-PACE compact SUV," said Günther Apfalter, President of Magna Europe and Magna Steyr. "This second collaboration in just a short time emphasizes the agility and flexibility we provide automakers with our contract manufacturing capability."
Including the Jaguar E-PACE, Magna will be manufacturing five different models by the first quarter of 2018. The others are Jaguar I-PACE, BMW 5 Series, BMW 530e plug-in hybrid, and Mercedes-Benz G-Class.
With more than 100 years' experience in vehicle manufacturing, Magna represents a leading partner for automakers. The company's engineering and contract manufacturing expertise provides additional production capacity for long-, mid- and short-term needs. As a contract manufacturer, Magna has produced more than 3 million vehicles across 23 different models.
Jaguar E-Pace, Jaguar Land Rover, contract manufacturing, SUV, Magna Steyr
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