Automotive

Magna, Ineos to collaborate on new all-electric 4×4 vehicle

Production of the new 4X4 will begin at Magna’s Graz, Austria facility in 2026.

David Sickels is the Editor of The Buzz. He has a history of working in the media, marketing and automotive industries in both print and online.

Published: June 25, 2023

Following the confirmation in May 2022 of a zero-emission model line, Ineos Automotive says it is developing a new electric 4X4 vehicle in conjunction with automotive supplier, Magna. Magna will take on Ineos Automotive’s third model line and has signed an agreement to start production of the new 4X4 at Magna’s Graz, Austria facility in 2026. Ineos says the new 4X4 will be smaller than the company’s Grenadier model.

Ineos says it has worked with Magna previously on series engineering and development for the Grenadier station wagon and pick-up models. Part of the development process for this new 4X4 will include a testing program on Austria’s Schöckl mountain, which is close to Magna’s complete vehicle assembly facility.

Toyota prepares for new EV SUV production at Indiana facility

Toyota’s Indiana facility is home to more than 7,500 team members who assemble the Toyota Sienna, Highlander, Grand Highlander and Lexus TX.

By Christian Hinton

Published: May 8, 2024

Toyota will prepare for the assembly of an all-new, three-row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton, IN facility, bringing the total investment in Toyota Indiana to $8 billion. This also brings the addition of up to 340 new jobs in the area, Toyota said.