September 20, 2005 Magna Steyr has unveiled a new concept vehicle at the IAA 2005. Called the "MILA Concept" (Magna Innovation Lightweight Auto), the single-seater sports car has a mid-engine and rear-wheel drive and is packed with ideas and innovations. The MILA’s technical highlights include an cco-friendly engine that runs on CNG (Compressed Natural Gas) and thanks to the extremely lightweight monocoque construction, offers extremely sporty performance. Given Magna Steyr’s automotive production expertise, the car has been designed using modular design principles that enable different models to be built (single or two-seater, normal or high-power engine, etc.) without much extra effort, as the components and modules have been developed in advance and optimised in terms of cost and weight. Magna Steyr is confident that natural gas will gain more and more ground as an alternative fuel for road vehicles in the future. A study by the German Automotive Industry Association published in Frankfurt recently came to the conclusion that in Germany alone some two million natural gas vehicles will be licensed in the next 15 years. According to the study, natural gas vehicles could reach a market share of around 4% by the year 2020.
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