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The need to reduce weight of large and heavy components used by the automotive and aerospace industries such as engine block, cylinder head cover and helicopter gearbox housing has led to the development of new Mg gravity casting alloys that provide adequate properties and cost effective solution. The new Mg gravity casting alloys are designed for high stressed components that operate at a temperature up to 300°C. These new alloys exhibit excellent mechanical properties and creep resistance in T-6 conditions. The present paper aims at introducing three new Mg gravity casting alloys designated MRI 201S, MRI 202S and MRI 203S, which were recently developed by the Magnesium Research Institute of DSM and VW. Apart from the excellent high temperature performance of these alloys, they provide adequate castability and dimension stability along with good weldability and corrosion resistance.