Steyr-Daimler-Puch followed by Magna Steyr
Gradual dissolution
In 1987, Steyr-Daimler-Puch AG began selling portions of its different production lines to form separate companies, which included Steyr Nutzfahrzeuge AG ("Steyr Commercial Vehicles", SNF; still based in Steyr) for truck manufacturing, Steyr Bus GmbH (in Vienna) for bus manufacturing, Steyr-Daimler-Puch Fahrzeugtechnik AG (SFT) and the EUROSTAR joint venture in Graz-Liebenau for assembly of automobiles and, in 1990, Steyr Tractor (Steyr Landmaschinentechnik AG).Other production lines were spun off or sold outright to form independent companies, including Puch's motorcycle division going to Piaggio and Steyr Mannlicher producing weapons.  In 1990, the diesel engine division was spun off into Steyr Motorentechnik GmbH, which in 2001 became an independent company, renaming itself Steyr Motors GmbH. Steyr Landmaschinentechnik AG (Steyr Tractor) was sold to Case Corporation in 1996 and renamed Case Steyr Landmaschinentechnik (and is part of CNH since 1999).Automobile production remained with Steyr-Daimler-Puch Fahrzeugtechnik (SFT) until Magna International acquired a majority holding in 1998. In 2001–2002 SFT was absorbed fully by Magna, becoming Magna Steyr.In 1998, the production of military vehicles was sold to an Austrian investor company, which named it Steyr-Daimler-Puch Spezialfahrzeug GmbH (SSF).  In 2003, SSF was sold to the U.S. company General Dynamics, a defence-equipment manufacturer and into General Dynamics Land Systems.