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    Report: Convertible demand has tanked over last seven years

    Few things match the joy of open-roofed motoring. The wind runs through your hair, the sun beats down and the trees flash overhead, and it's then that you realize that this elemental experience is just better than being permanently ensconced in stylized cage of steel and glass. Unfortunately for ...

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    Report: Explosion at Magna plant injures workers

    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: Magna Touchskin technology takes a swipe at switchgear in cars [w/video]

    The Touchskin interface has beeen on display since last October; now it's at a stage where Magna is shopping it to automakers. Although Magna is the marquee name, the various components that comprise Touchskin are produced by nine companies: Plastic Electronics, Engel Mould Technologies, ...

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    Geneva: Magna MILA Coupic Concept is a shape-shifting convertible crossover pickup

    Please excuse us while we banish thoughts of David Letterman's hosting of Oscar night – Magna; MILA... Uma; Oprah – and instead focus on what this concept car brings to the table. This is the sixth MILA Concept from Magna-Steyr, the Austrian arm of Canadian auto parts giant Magna ...

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    Teased: Magna Steyr previews shape-shifting MILA Coupic concept for Geneva

    Magna Steyr may not be a name most consumers would recognize, but it is one of the biggest players in the auto industry. As a contract manufacturer, it has produced some 2.5 million vehicles across 21 different models, including the Mercedes-Benz G-Class, Aston Martin Rapide and Mini Countryman, ...

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    Aston Martin shifting Rapide production from Magna Steyr to Gaydon

    Aston Martin may make more than sports cars these days, but sports cars are all that are built at its own facility. The Cygnet city car is built by Toyota (though trimmed out by Aston's own) and the Rapide is built by Magna Steyr on a dedicated assembly line. But that last bit is about to change ...

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    Report: GM resumes production after Magna fire, Mazda and Ford still slow?

    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

    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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    Russia's Sberbank wants GM to pay for dropping the Opel deal

    It not only takes money to close a deal, it takes money to get close to closing a deal. Sberbank, which was Magna's Russian partner in the bid for Opel, said it assembled 9,000 contract pages during the negotiations. Unless Russian corporate lawyers are that much cheaper than their American ...

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    REPORT: Lutz to step in as interim Opel chairman

    Just hours before General Motors announced that it wasn't going to sell Opel, GM Europe head Carl-Peter Forster said publicly that Opel would be better off under the control of Magna. Talk about bad timing. Now that GM is keeping Opel, Forster is out as the head of the General's European ...

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    BREAKING: GM board opts to call off Opel sale

    After months of negotiations with supplier Magna and its Russian partner Sberbank, General Motors has decided not to sell its Opel unit. The General mentioned in the post-jump press release that the new board of directors came to the decision to keep Opel due to GM's recovering financial ...

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    What Conflict? Mercedes awards SLS AMG body panel construction to Magna

    Mercedes-Benz SLS AMG – Click above for high-res image gallery
    Magna International pulled a bold move when it declared its intention to buy Opel from General Motors, bridging the gap between component supplier and contract manufacturer on the one hand, to independent automaker on the other. ...

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    Porsche to pull Boxster production from Magna over Opel stake?

    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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    You didn't think the battle for Opel was over, did you? Belgium reportedly asking EU to investigate

    When GM decided to hand 55% of Opel to Magna, you didn't think the Belgians were just going to have some waffles and call it quits, did you? Oh no. Belgium's prime minister made a call to the EU president about the deal, and the EU Competition Commissioner Neelie Kroes told a Belgian newspaper, ...

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    BREAKING: GM board recommends coughing up 55% Opel stake to Magna, Sberbank

    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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    GM would rather have Opel, Vauxhall fall into insolvency than sell to Magna?

    While General Motors was going through its 42 day bankruptcy period, one of the stories that didn't receive much play was the sale of GM's Opel brand. The major players in the Opel sale appear to be the German government, Canadian supplier Magna and Belgian private investor RHJ International. ...

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    REPORT: Opel labor union goes on the offensive, GM negotiator meets with German feds

    The battle for Opel has added another front: Opel labor unions at two of the company's German factories retracted an agreement made last year to forgo vacation bonuses. The move demands that General Motors pay the laborers €70 million ($100.2M U.S.) by next week, the amount that they agreed to ...

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    GM issues a 'No-Decision' on fate of Opel, German government not happy

    General Motors was meant to decide who would be the winning bidder for Opel last Friday. But it didn't. Instead, GM asked the German government for more information on federal financial assistance available to buyers. The German government would like Magna to take over Opel as it vowed to retain ...

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    RHJ ups offer for Opel, commits to Vauxhall, has "good chances of winning"

    Belgian investment firm RHJ, once considered a back-up bidder for Opel, is now considered a front-runner – at least according to its own CEO. RHJ head Leonhard Fischer has already told U.K. officials that the company is committed to retaining the Vauxhall name, and speaking to German ...

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    Opel fate still up in the air as Russian involvement reportedly complicates Magna offer

    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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