Although based in Canada, Magna International will use its Magna Steyr branch to produce the Infiniti compact at a plant in Graz, Austria. Thanks to the tie-up, Infiniti will become the first premium Asian brand to produce vehicles on European soil.
Although no specific details were given, sources have suggested that Magna could produce up to 60,000 units of the compact per year. Infiniti sold just 3,681 cars in Europe last year, but the Japanese automaker is hopeful that the locally built compact will give the company a better foothold in the region.
Infiniti expects to sell 500,000 units worldwide by 2016, up from 146,000 in 2011.
