Posts Tagged ‘Magna’
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
Magna wants at least 400 million euros ($600 million) in compensation from Porsche for canceling a contract to assemble Porsche’s Boxster and Cayman models in Magna’s Austrian factory, a newspaper reported.
Tags: Boxster, Cayman, EUR, Magna, Magna's Austrian factory, Models, Porsche, Porsche Boxster, USD
Magna wants at least 400 million euros ($600 million) in compensation from Porsche for canceling a contract to assemble Porsche’s Boxster and Cayman models in Magna’s Austrian factory, a newspaper reported.
Tags: Boxster, Cayman, EUR, Magna, Magna's Austrian factory, Models, Porsche, Porsche Boxster, USD
Magna wants at least 400 million euros ($600 million) in compensation from Porsche for canceling a contract to assemble Porsche’s Boxster and Cayman models in Magna’s Austrian factory, a newspaper reported.
Tags: Boxster, Cayman, EUR, Magna, Magna's Austrian factory, Models, Porsche, Porsche Boxster, USD
GM has targeted Germany for the bulk of 9,000 planned job cuts at its Opel/Vauxhall unit, turning the tables on the country that lobbied hardest for an Opel sale to Magna.
Tags: Germany, Gm, Job Cuts, Magna, Opel Vauxhall, Targets, Turning The Tables
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
Opel auto workers in Germany downed tools to show their anger at GM’s decision to abandon a a sale of the German-based unit to Magna. They blame GM for mismanaging Opel into losses.
Tags: Anger, Auto Germany, Auto Workers, German Workers, Germany, Gm, Gm Decision, Losses, Magna, Magna Opel, Opel Auto, Protest, Tools
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
Magna today moved closer to clinching its takeover of Opel with approval from Spanish plant workers as the clock ticks down to a Nov. 3 board meeting at which GM is set to decide on the deal.
Tags: Ahead, Board Meeting, Clock, Gm, Magna, Opel, Plant Workers, Spain, Spanish, Takeover
Magna today moved closer to clinching its takeover of Opel with approval from Spanish plant workers as the clock ticks down to a Nov. 3 board meeting at which GM is set to decide on the deal.
Tags: Board Meeting, Clock, Gm, Magna, Opel, Plant Workers, Takeover
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
General Motors Co.’s board will meet today or tomorrow to consider a letter from EU competition authorities that raises doubts about the fairness of the bidding battle for Opel.
Tags: Commission of European Communities, Competition Authorities, Doubts, Fairness, General Motors, Gm, Magna, Magna General Motors Co., Opel, S Board
The board of General Motors Co. was expected to meet today or tomorrow to consider a letter from EU competition authorities that raises doubts about the fairness of the bidding battle for Opel.
Tags: Competition Authorities, Doubts, Fairness, General Motors, Gm, Magna, Opel
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: 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 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
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
General Motors Co. is on track to sign a contract this week to sell a majority stake in European automaking arm Opel to a Canadian-Russian consortium, Opel union boss Klaus Franz said.
Tags: General Motors, General Motors Co., Klaus, Klaus Franz, Magna, Majority Stake, Opel, Russian Consortium, Union Boss
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
Ford Motor Co. intends to continue working with Magna International Inc., Ford’s CFO said today, even though the Canadian supplier is acquiring a controlling stake in European rival Opel.
Tags: Cfo, Firewall, Ford, Ford Motor, Ford Motor Co., Magna, Magna International, Magna International Inc, Opel, Stake
Ford Motor Co. intends to continue working with Magna International Inc., Ford’s CFO said today, even though the Canadian supplier is acquiring a controlling stake in European rival Opel.
Tags: Cfo, Firewall, Ford, Ford Motor, Ford Motor Co., Magna, Magna International, Magna International Inc, Opel, Stake
Facing renewed concerns of technology leaking among customers if Magna obtains the Adam Opel unit, Magna International Inc. co-CEO Don Walker tried to allay those worries again Monday.
Tags: Adam Opel, Ceo, Don Walker, Firewall, Magna, Magna International, Magna International Inc, Pledge, technology leaking, Worries
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