Magna International

...of contract * Frames to be built in Ontario, Mexico * No new jobs created * Shares up 1.9 percent at C$53.92 Magna International <MGa. TO> said on Monday that it has won a contract to make the third generation of frames for General...

In this article: GM, Ontario, Crown Victoria, Mercury Grand Marquis, Lincoln Town Car, Daimler AG, and Ford Motor Co

...the company and its workers. Germany appears reluctant to offer GM the EUR4.5 billion loan it had promised Magna - and has yet to pledge the company any more money. German Foreign Minister Guido Westerwelle said Monday that GM should focus...

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

...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

...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

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

...needs to be able to operate with more freedom from its U.S. parent General Motors [GM.UL], a top executive at spurned suitor Magna <MGa. TO> said in a newspaper interview on Sunday. "Opel should have a greater independence and autonomy in...

In this article: Opel, General Motors, Bild, GM Europe, Carl-Peter Forster, Magna, and Volkswagen

...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

...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

...opted to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna <MGa. TO>. GM confirmed the decision made by its 13-member board after a meeting of directors on...

In this article: Opel, GM, Magna, European Union, Detroit, Germany, and Bankruptcy