Arab Today, arab today nissan magna steyr to build new
Last Updated : GMT 08:44:49
Arab Today, arab today
Arab Today, arab today

Nissan Magna Steyr to build new

Arab Today, arab today

Arab Today, arab today Nissan Magna Steyr to build new

Washington - Arabstoday

Nissan said Thursday that Austrian contract manufacturer Magna Steyr will build a new premium compact car for the Infiniti brand, starting in 2014. Infiniti boss Andy Palmer said in a statement that the car will help the brand to reach new consumers and grow in key markets such as western Europe. Nissan did not give any more details about the car or say whether it will be sold in markets outside Europe such as the United States. But sources told Automotive News Europe in December that Nissan wants to roll out the entry-level car worldwide to help win a 10 percent share of the global luxury market. Infiniti executives have previously said the entry-level model will compete with premium compact cars such as the Audi A3 and Mercedes-Benz A-class. The car is expected to be based on Mercedes\'s MFA compact platform that underpins the new A- and B-class cars. Renault-Nissan and Mercedes parent Daimler announced a strategic cooperation between the two companies in 2010. Daimler will supply numerous preassembled \"complete parts\" to Infiniti, sources told Automotive News Europe in December. About 50,000 to 60,000 units a year of the Infiniti could be built in Graz, Austria, the sources said at the time. The cars will be exported globally and will offer Mercedes\' four- and six-cylinder diesel and gasoline engines. By using Mercedes components, Infiniti avoids potentially huge development costs. In exchange, Mercedes receives licensing fees for each manufactured vehicle and benefits from economies of scale. Infiniti started selling cars in Europe in 2008 but has made slow progress against established German premium rivals and Toyota\'s Lexus. Last year Infiniti sold 3,681 cars in Europe, a rise of 54 percent on 2010, according to JATO Dynamics. Magna Steyr, the European unit of Canada\'s Magna International, has engineered the Infiniti car. It is expected to be built at Magna\'s contract assembly operation in Graz, Austria, which builds the Peugeot RCZ coupe, Mini Countryman SUV and Aston Martin Rapide. Nissan and Magna are finalizing details of manufacturing and supply agreements, the two firms said in a joint statement. Infiniti\'s Etherea concept car offered an early look at the design of the model when it debuted at the 2011 Geneva auto show. Infiniti believes the production car will find a receptive market among young buyers in Europe. Company executives say the model will combine driving performance and an emphasis on style to compete with German luxury brands. Under a mid-term growth plan, Nissan is targeting sales of 500,000 Infinitis worldwide by 2016. Nissan sold about 146,000 globally, mostly in the United States, in the business year ended March 2011.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nissan magna steyr to build new Arab Today, arab today nissan magna steyr to build new

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nissan magna steyr to build new Arab Today, arab today nissan magna steyr to build new

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel

GMT 14:47 2017 Monday ,20 February

McLaren to unveil new supercar at Geneva Motor Show

GMT 01:22 2017 Monday ,20 February

Hyundai to debut all-new 2018 Accent

GMT 07:09 2017 Tuesday ,14 February

This cool, all-electric car is yours for Dh275,000

GMT 05:46 2017 Monday ,13 February

All-new Hyundai i30 wins top design award

GMT 12:38 2017 Friday ,10 February

Euro Motors welcomes new BMW 5 Series sedan

GMT 12:35 2017 Friday ,10 February

Infiniti Q60 Red Sport 400 set for Mideast debut

GMT 12:12 2017 Tuesday ,07 February

BMW to showcase latest models at Geneva show
View News in Arabic - Auto: سوق السيارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday