Magna International

...month reversed a decision to sell a majority stake in Opel to a consortium led by Canadian car parts manufacturer Magna <MGa. TO>. Magna was targeting about 900 job cuts in Zaragoza, and Opel's union representatives in Spain have told...

In this article: Opel, General Motors, Magna, Spain, Germany, Europe, Carl-Peter Forster, and Angela Merkel

...one in Belgium are now threatened with closure under GM's new restructuring plan. In the negotiations with Magna, the unions had won promises from the company that all four Opel factories in Germany would remain open, despite the fact that...

In this article: General Motors, Opel, Angela Merkel, Magna, Germany, Europe, Berlin, and Barack Obama

Mr Reilly said there may be a chance to "quite significantly" reduce the 800 job cuts previously expected. Canadian car-parts maker Magna, which had agreed to buy Opel, had originally estimated 800 job losses in the UK as part of its...

In this article: General Motors, Opel, Magna, Europe, US, UK, and Germany

...round of bids for Pimlico Race Course and Laurel Park. Bids will now be due Dec. 11 instead of Dec. 4, according to court papers. Magna announced last week that the auction of the two Maryland thoroughbred tracks will proceed without a lead...

In this article: Magna, Maryland, Magna Entertainment Corp., Pimlico Race Course, Laurel Park, Baltimore, MD, New York, and Baltimore Sun

The topic is politically sensitive ever since GM reversed a decision to sell a majority stake in Opel to a consortium led by Canada's Magna, a deal backed by the full weight of Chancellor Angela Merkel's German government. "The restructuring...

In this article: Opel, General Motors, Magna, Berlin, GM Europe, European Union, and Angela Merkel

Magna's <MGa. TO> co-chief executive told a German paper that the Austro-Canadian company was not looking to team up with another auto maker after failing to clinch Opel, and will instead focus on its supply business. Following the...

In this article: Magna, Volkswagen, Opel, General Motors, and Porsche Boxster

...parts * Shares up over 25 percent since Opel deal terminated (Adds details, updates share price) Shares of Magna International Inc <MGa. TO> surged nearly 15 percent on Friday, a day after it posted a surprise quarterly profit and said it...

In this article: Magna International Inc, Opel, GM, Citigroup, North America, Revenue, Sberbank, CIBC World Markets, and BMO

Reuters Published: Friday, November 06, 2009 TORONTO -- Shares of Magna International Inc were up more than 12% Friday, a day after it posted a surprise quarterly profit and said it would focus on its core auto-parts business after the...

In this article: Magna International Inc, Opel, GM, Sberbank, Citigroup, North America, and Toronto

...CEO comment from conference call, analyst's comment. In U.S. dollars unless noted) By John McCrank Magna International Inc <MGa. TO><MGA.N> is not looking at taking over any other automakers following the collapse of its deal to buy a...

In this article: Magna International Inc, Opel, GM, Revenue, Volvo, Sberbank, and Saab

Shares of Magna International Inc <MGa. TO> were up more than 7 percent on Wednesday, a day after General Motors Co reversed its decision to sell a majority stake in its European unit to a Magna-led consortium. Shares of the Canadian auto...

In this article: Magna, Opel, General Motors Co, Bankruptcy, Sberbank, and Ontario