VIENNA Jan 30 German automaker BMW is
set to extend its contract with Magna-Steyr in Austria
to manufacture group vehicles, the Kleine Zeitung newspaper
reported on Thursday.
Citing industry sources, it said BMW would sign a contract
on Thursday to extend beyond 2016 the contract manufacturing
accord but not assign Magna a particular model, instead
reserving capacity for various models depending on demand.
It said the deal would likely cover more than 100,000
vehicles per year.
Magna did not immediately return a call seeking comment,
while BMW declined comment pending an announcement.