Magna International

...sold the majority of its struggling European Opel and Vauxhall units to Canadian car parts maker Magna International Inc. and Russian lender Sberbank. In turn, Germany expected guarantees from Magna and Sberbank not to close any of its four...

In this article: General Motors, EU, Germany, Sberbank, Magna International Inc., Europe, Auto industry, Volkswagen AG, and Daimler AG

Under pressure from EU regulators, Germany told GM last month that aid would be available whether it hung onto Opel or sold it - and even if it rejected the bid by Magna and its Russian partner Sberbank that Germany openly favoured. GM...

In this article: GM, European Union, Opel, Magna, Germany, Sberbank, and Europe

...this month by deciding to not sell the majority of its European operations Opel and Vauxhall to a consortium led by Canadian autoparts maker Magna International Inc. and Russian lender Sberbank. GM Europe workers were also prepared to buy a...

In this article: GM, GM Europe, European Union, Angela Merkel, Opel, Frankfurt, Revenue, Sberbank, and Magna International Inc.

Germany fumes over GM ditching Opel sale to Magna BERLIN -- Germany's politicians fumed with anger and Opel workers canceled cost concessions and readied walkouts after General Motors Co. abandoned the sale of its European subsidiary to...

In this article: General Motors Co., Opel, Magna International Inc., Germany, GM Europe, Angela Merkel, Bochum, and Sberbank

...have to be agreed by the company and its workers. Germany appears reluctant to offer GM the euro4.5 billion loan it had promised Magna - and has yet to pledge the company any more money. German Foreign Minister Guido Westerwelle said...

In this article: GM, Magna International Inc., European Union, Brussels, Germany, Belgium, Opel, Britain, and Poland