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At least four suitors are in the race for insolvent German supplier Karmann’s roof business, a source close to the situation said, with Canada’s Magna International Inc. leading the pack.

Tags: Canada, German Supplier, Karmann, Leads, Magna International, Magna International Inc, Suitors

Magna International Inc. and the government of Canada said today they have partnered to build a research center aimed at developing plastic parts for next-generation environmentally friendly vehicles.

Tags: Canada, Government Canada, Government Of Canada, Magna, Magna Canada, Magna International, Magna International Inc, Next Generation, Plastics, Plastics Research

Cosma International, a unit of Magna International Inc. that makes bodies and chassis, will assemble the frame for General Motors Co.’s next generation of full-sized pickups and SUVs.

Tags: Chassis, Cosma International, Frame Contract, General Motors, General Motors Co., Gm, Gm Pickups, Magna, Magna International, Magna International Inc, Next Generation, SUVs Cosma International

Magna International Inc., thwarted this week in its bid to take over General Motors Co.and#8217;s Opel unit, wonand#8217;t seek to buy another car company, co-CEO Don Walker says.

Tags: car, Car Company, Ceo, Don Walker, General Motors, General Motors Co., Magna, Magna International, Magna International Inc, Opel

Magna International Inc. posted a $51 million profit after four straight quarters of losses, benefiting from cost reductions as sales fell.

Tags: Losses, Magna International, Magna International Inc, Straight Quarters, USD

General Motors Co.and#8217;s restructuring plan for Opel will be similar to the plan Canadian supplier Magna International Inc. had for the company, a top GM executive said today.

Tags: General Motors, General Motors Co., Gm, Gm Executive, Magna International, Magna International Inc, Opel, Restructuring

General Motors Co. has decided to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada’s Magna International Inc.

Tags: Canada, Financial Health, General Motors, Gm, Magna International, Magna International Inc, Negotiations, Opel, Undoing

Here are some analysts’ reactions to General Motors Co.’s decision to keep Opel, undoing months of negotiations to sell the European unit to a Russian-backed group led by Canada’s Magna International.

Tags: Canada, General Motors, Gm, Led, Magna International, Negotiations, Opel, Undoing

Opel workers have agreed to contribute 265 million euros ($390 million) in annual savings if General Motors Co. finally sells a majority stake in its European arm to a group led by Canada’s Magna International Inc.

Tags: Canada, EUR, General Motors, General Motors Co., Led, Magna, Magna International, Magna International Inc, Majority Stake, Ok Plan, Opel, USD

General Motors Co. put on hold a deal to sell a 55 percent stake in carmaker Opel to a Russian-backed consortium led by Canadian auto parts group Magna International Inc., GM’s chief negotiator on the deal said today. No sale can proceed until the U.

Tags: Auto Parts, auto parts group, Brakes, Canadian Auto, Carmaker, Chief Negotiator, Consortium, General Motors, General Motors Co., Gm, Magna, Magna International, Magna International Inc, Opel, Percent Stake

Opel workers in Spain threatened to strike in protest at Magna International Inc.’s latest plans for the carmaker’s plant in Zaragoza. Unions said they would meet on Tuesday to decide a time frame for action.

Tags: Carmaker, Magna International, Magna International Inc, Opel, Protest, Spain, Time Frame, Unions, Zaragoza

Opel workers in Spain threatened to strike in protest at Magna International Inc.’s latest plans for the carmaker’s plant in Zaragoza. Unions said they would meet on Tuesday to decide a time frame for action.

Tags: Carmaker, Magna, Magna International, Magna International Inc, Opel, Protest, Spain, Time Frame, Unions, Zaragoza

General Motors Co. is ready to keep control of Opel if the European Union blocks the division’s sale to Magna International Inc., The Wall Street Journal reported Monday, citing people familiar with the matter.

Tags: Control, European Union, General Motors, Gm, Magna International, Magna International Inc, Opel, Wall Street, Wall Street Journal

General Motors Co. is ready to keep control of Opel if the European Union blocks the division’s sale to Magna International Inc., The Wall Street Journal reported Monday, citing people familiar with the matter.

Tags: Commission of European Communities, Control, European Union, General Motors, General Motors Co., Gm, Magna, Magna International, Magna International Inc, Opel, the Wall Street Journal, Wall Street, Wall Street Journal

Economy Minister Karl-Theodor zu Guttenberg expressed confidence that Germany could address EU concerns about a sale of GM’s Opel to Canada’s Magna International Inc., saying they did not put the deal at risk.

Tags: Address, Confidence, Economy Minister, Germany, Gm, Gm Canada, Karl Theodor Zu Guttenberg, Magna International, Magna International Inc, Opel, Risk

Economy Minister Karl-Theodor zu Guttenberg expressed confidence on Saturday that Germany could address EU concerns about a sale of GM’s Opel to Canada’s Magna International Inc., saying they did not put the deal at risk.

Tags: Address, Canada, Commission of European Communities, Confidence, Economy Minister, Germany, Gm, Gm Canada, Karl Theodor Zu Guttenberg, Karl-Theodor, Magna, Magna International, Magna International Inc, Opel, Risk

EU competition head Neelie Kroes told Germany on Friday that General Motors Co. should be allowed to reconsider the sale of Opel to Magna International Inc. and its Russian partner Sberbank.

Tags: Brussels, Commission of European Communities, General Motors, General Motors Co., Germany, Gm, Magna International, Magna International Inc, Neelie Kroes, Opel, Sberbank

General Motors Co. will sign a deal to sell a majority stake in Opel next Tuesday or Wednesday, Die Welt German newspaper reported. GM is selling 55 percent of Opel to Canadian supplier Magna International Inc.

Tags: Die Welt, General Motors, General Motors Co., German Newspaper, Gm, Magna International, Magna International Inc, Majority Stake, Opel

General Motors Co. was close to signing a deal to sell a 55 percent stake in its European arm Opel to Canada’s Magna International Inc. today as talks continued with unions over job cuts.

Tags: Canada, General Motors, General Motors Co., Gm, Job Cuts, Jobs, Magna, Magna International, Magna International Inc, Opel, Percent Stake, Unions

Germany and the European Commission are still working out an accord that would let a group led by Magna International Inc. sign a contract to take control of European carmaker Opel, a top minister said.

Tags: Commission of European Communities, Control, European Carmaker, European Commission, Germany, Magna International, Magna International Inc, Opel

General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations.

Tags: Citing Sources, General Motors Co., German News, Gm, Led, Magna International, Magna International Inc, Majority Stake, Negotiations, News Agencies, Opel

General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations.

Tags: Citing Sources, Magna International, Magna International Inc, Majority Stake

General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations.

Tags: Citing Sources, General Motors, General Motors Co., German News, Gm, Led, Magna International, Magna International Inc, Majority Stake, Negotiations, News Agencies, Opel

Magna International Inc. received a prestigious order from Daimler AG, its fifth-biggest customer, in a sign of faith that it would not pull business from the auto parts supplier despite its plan to take over Opel.

Tags: Amg, Auto Parts Supplier, Daimler Ag, Faith, Magna, Magna International, Magna International Inc, Opel

First talks between European unions and delegates from General Motors Co. and Magna International Inc. begin next week over plans to cut 10,500 jobs at Opel to reduce labor costs by hundreds of millions of euros.

Tags: Delegates, European Unions, General Motors, Jobs, Magna International, Magna International Inc, Opel, Restructuring