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Infiniti and Magna Sign Complete Vehicle Assembly Agreement
Infiniti, the luxury vehicle brand of the Nissan Motor Co., Ltd. has signed a memorandum of understanding with Magna Steyr, an operating unit of Magna International, for the assembly of a future luxury entry level Infiniti compact vehicle. Production of the vehicle is due to start in 2014. This tentative agreement follows an engineering assignment which Magna Steyr is already intensively working on.
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