Magna Steyr to build Nissan Infiniti car

Gasgoo From Reuters

Reuters (Paris) - Canadian-Austrian auto supplier Magna Steyr is set to build an entry-level car for Japanese automaker Nissan's (7201.T: Quote) Infiniti premium brand based on Daimler's (DAIGn.DE: Quote) Mercedes A-class cars, Automotive News reported on its website on Sunday, citing several sources close to the companies.

Daimler will supply several pre-assembled parts to Infiniti, the sources said, in a move that shows a deepening of the German automaker's partnership with the Renault-Nissan alliance.

Magna Steyr and Nissan are expected to finalize a contract for production at Magna's factory in Graz, Austria, in early 2012, Automotive News said.

No one at Daimler, Magna Steyr and Nissan was immediately available for comment.

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