Magna International
Automotive Company, Manufacturing Company, and Company
Vauxhall plant avoids first round of redundancies...in Spain, Poland, Hungary, Austria and Belgium. GM's decision to back out of the sale led to the departure of its European president Carl-Peter Forster, who had supported the deal with Magna. Mr Reilly is overseeing the restructuring of the... In this article: General Motors, Magna International, Opel, Ellesmere Port, Saab, Carl-Peter Forster, and Saab |
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BBC News | October 26, 2009
Spanish workers accept Opel plan
...an important step for the sale to be approved. Magna had already reached provisional agreements with unions in Germany, the UK, Poland, Austria and Belgium - where Opel also had factories. Vauxhall - which is the British brand of Opel -...
In this article: Opel, Magna, Vauxhall, EU, General Motors, UK, and Germany
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AP Online | 3 days ago
GM wants gov'ts to help pay $4.9 bn restructuring
...or Belgium. GM's decision to ditch the Magna sale and hang on to the units has reawakened those fears - and caused officials to call in EU regulators as referees at the Monday meeting to discuss GM's restructuring. EU commissioners...
In this article: GM, Magna International Inc., Germany, European Union, Belgium, Opel, Brussels, Britain, and Poland
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automotive.einnews.com
Poland Magna International News - Automotive Industry Today
Poland Magna International News is an EIN News Service for automotive industry professionals. ... NOT SATISFIED WITH THIS POLAND MAGNA INTERNATIONAL NEWS SECTION? ...
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www.magna.com
Welcome to Magna International Inc.
... (Germany, United Kingdom, Belgium, Poland, Czech Republic and Austria) and ... All Contents © 2009, Magna International Inc. All Rights Reserved ...
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Media - Press Releases & News - Magna International Inc.
AURORA, ON, Mar 07, 2005 (Canada NewsWire via COMTEX) -- Magna International Inc. ... Germany, Belgium, England, France, Austria, Poland, the Czech Republic and Japan. ...
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goliath.ecnext.com
20-NOV-06 | Cosma Expands in Eastern Europe
Price: $4.95 | Cosma International Inc., a unit of automotive metal-forming supplier Magna International Inc., Aurora, Ontario, has purchased Poland's Vyroba...
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en.drigger.com
Drigger: European Commission, Belgium
... Poland United Kingdom General Motors Corporation OPEL Inc Magna International Inc. ... Poland Spain United Kingdom auto parts group OPEL Inc Magna ...
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www.cbc.ca
CBC News - World - Magna says no more takeovers planned
Magna International said Thursday it has no further plans for takeovers now that the deal to acquire Opel is off. ... Britain and Poland supported GM's decision, ...
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CBC News - World - German states approve Opel funding in deal ...
Two German states on Sunday agreed to support a bridge loan for General Motors Corp.'s Opel unit, putting the final touches on a deal for Canada's Magna International ...
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Description from Wikipedia:
Magna International Inc. () is a Canadian company based in Aurora, Ontario. It is Canada's largest automobile parts manufacturer, and one of the country's largest companies. It owns the successful Magna Steyr automobile production company of Austria.
The company was founded in 1957 by the Austrian-born Frank Stronach as Multimatic. This company merged with Magna Electronics in 1969, and the combined company became Magna International in 1973.
On May 30, 2009, it was announced that a deal had been reached to transfer General Motors Corporation (GM)-owned Opel and Vauxhall assets to a separate company majority-owned by a consortium led by Magna International. Subsequently, however, the deal was placed in limbo as GM declared opposition to it while the German government supported it.
Magna also manufactures auto parts that are primarily supplied to GM, Ford Motor Company, and Chrysler LLC. In addition to the Big 3 U.S. automakers, Magna's major customers include Volkswagen, BMW and Toyota. In Europe, Magna Steyr holds contracts for the assembly of the Jeep Grand Cherokee, Chrysler Voyager minivan and BMW X3 SUV. Magna has a relatively minimal presence in Asia with just 3 manufacturing centres in South Korea, 1 in Kunshan, China and 2 engineering centres in South Korea and China.\
- Name:
- Magna International Inc.
- Type:
- Public (NYSE: MGA)
- Location:
- Aurora, Ontario, Canada
- Founded:
- 1957
- Stock Symbol:
- MGA
- Industry:
- Automotive systems, comp and modules
- Key People:
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- Donald Walker, co-CEO
- Siegfried Wolf, co-CEO
- Vincent J. Galifi, Executive VP & CFO
- Products:
- See products listing.
- Revenue:
- $23.704 billion USD (2008)
- Operating Income:
- $328 million USD (2008)
- Net Income:
- $71 million USD (2008)
- No. of Employees:
- 74,000 (Mar '09)
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