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October 13, 2004

USA: DaimlerChrysler issues statement denying media reports of Graz exit

DaimlerChrysler has issued a statement denying media reports that it is planning to move vehicle production from Graz, Austria, back to the US due to currency problems.

By bcusack

DaimlerChrysler in the US has issued a statement denying media reports that it is planning to move vehicle production from Graz, Austria, back to the US due to currency problems.

Under a contract with Magna Steyr, assembly of the Jeep Grand Cherokee and Chrysler Voyager is presently undertaken in Graz. But Chrysler chief Dieter Zetsche said in a US interview that a withdrawal was being considered. The reason cited was the weakness of the dollar, making production in Europe very expensive.


DC’s official statement reads as follows:

Statement in Response to Next Generation Jeep® Grand Cherokee Production at Magna Steyr

Auburn Hills, Mich. – In an interview with Chrysler Group President and CEO Dieter Zetsche that appeared in the October 11 issue of Automotive News, a statement was erroneously reported regarding future production of the Jeep® Grand Cherokee at Magna Steyr in Graz, Austria.

Chrysler Group will continue to produce the Jeep Grand Cherokee (current and next generation models) at Magna’s Graz, Austria, facility.  There is no change in the company’s assembly agreement.

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