Microstructures and mechanical properties of as-cast Al-6.5Mg-1.5Zn-0.5Fe alloys newly alloy-designed for the parts of automobile were investigated in detail. The aluminum (Al) sheets of 4 mm thickness, 30 mm width and 100 mm length were reduced to a thickness of 1mm by multi-pass rolling at ambient temperature and subsequently annealed for 1h at 200~500°C. The as-cast Al sheet was deformed without a formation of so large cracks even at huge rolling reduction of 75%. The recrystallization begun to occur at 250°C, it finished at 350°C. The as-rolled material showed tensile strength of 430 MPa and tensile elongation of 4.7%, however the specimen after annealing at 500°C showed the strength of 305 MPa and the elongation of 32%. The fraction of high angle grain boundaries above 15 degree increased greatly after annealing at high temperatures. These characteristics of the specimens after annealing were discussed in detail.