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magna international

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    Report: Explosion at Magna plant injures workers
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    An explosion at a Magna International divisional plant in Newmarket, ON, a manufacturing facility for Dortec Industries, occurred on Wednesday afternoon. Some nine people were injured in the accident and five or six (reports vary) were sent to the hospital. Magna has reported that all workers have ...

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    Report: GM resumes production after Magna fire, Mazda and Ford still slow?
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    General Motors halted production at six of its plants last week after a fire at Magna International interrupted the companies' supply of interior parts. The conflagration also halted production at the AutoAlliance International Ford-Mazda joint-venture plant in Flat Rock, Michigan, and Automotive ...

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    Report: China's BAIC gunning to buy Pininfarina
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    BAIC C71EV – Click above for high-res image gallery
    Beijing Automotive Industry Corp, or BAIC, is looking to buy Italian design firm Pininfarina. The Chinese automaker is already working with Pininfarina in collaboration on its upcoming models based on older Saabs. Since mid-2009, ...

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    Porsche cancels Boxster/Cayman production contract, Magna wants cash
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    2009 Porsche Boxster S - Click above for high res image gallery
    Shortly after the Boxster debuted in 1996, Porsche contracted with Valmet Automotive of Finland as a second production source for the sports car, and a few years later, employed the facili along with the Cayman coupe. In 2008 Porsche ...

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    Porsche to pull Boxster production from Magna over Opel stake?
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    2009 Porsche Boxster S – Click above for high-res image gallery
    After a great deal of international haggling, Magna ended up winning the competition for Opel. One of the many questions to be answered now is: How will the deal affect Magna's engineering and assembly business? Even as ...

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    BREAKING: GM board recommends coughing up 55% Opel stake to Magna, Sberbank
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    Finally, after what seems like an eternity of protracted negotiations, bickering and stalling tactics, General Motors has agreed to sell a majority stake in its European operations to Magna International and its Russian financial partner Sberbank. Under the terms of the deal, 55% of Opel and ...

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    Opel fate still up in the air as Russian involvement reportedly complicates Magna offer
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    Over on General Motors' Europe "Driving Conversations" blog, VP John Smith has posted an update on the company's negotiations to sell a majority stake in Opel and Vauxhall. Although no final decision has been made yet, it's looking increasingly likely that the previous tentative agreement with ...

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    German economics minister reportedly says no to Opel buy-back option for GM
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    One of the many clauses that General Motors is reportedly trying negotiate into any deal involving majority control of Opel is the option to eventually buy back the stake it is selling. As the theory goes, GM isn't selling Opel because it feels like it doesn't add value – Opel in fact offers ...

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    Opel stake could give Russian automaker an injection of "know-how"
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    If you tried telling us even as recently as a year ago that General Motors would be forced to sell its European assets and that a partnership between a Canadian parts supplier and a Russian bank would step up to take the stake, we'd have probably raised a few eyebrows. But such is the state of the ...

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    German government approves majority sale of Opel to Magna, Russians
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    With General Motors expected to file for chapter 11 bankruptcy protection in New York on Monday morning, negotiators in Germany scrambled to finalize a deal to save Opel from insolvency. Following a six-hour meeting in the German Chancellor's office in Berlin on Friday evening, a deal was finally ...

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