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Tuesday November 24, 2009
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Magna International News is an EIN News Service for automotive industry professionals. Constantly updated news and information about automotive.
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Latest Magna International News

  • Mandelson says Europe car industry needs restructuring 24 Nov 2009 19:14 GMT
    ... Tackling the problem of overcapacity is key to the long-term ... to the long-term future success of the automobile industry in Britain and Europe, Business Secretary ... group led by Canadian auto parts maker Magna. On Tuesday the company slightly lowered its target for ...

  • GM's Saab deal collapses 24 Nov 2009 19:14 GMT
    ... prevent us from successfully implementing the newSAAB Automobile business plan." Koenigsegg had been talking to ... recently announced a tentative deal with Beijing Automotive Industry Holdings to explore export opportunities for ... group led by Canadian auto parts maker Magna International ( GM said the decision to ...

  • GM's Plan To Sell Saab Falls Through 24 Nov 2009 19:11 GMT
    ... Koenigsegg struck a preliminary agreement with Beijing Automotive Industry Holdings to give the Chinese company ... group led by Canadian auto parts supplier Magna International Inc. Auto dealership chain owner and ... Auto dealership chain owner and former race car driver Roger Penske in September ended plans ...

  • Saab's sale to Koenigsegg collapses 24 Nov 2009 18:55 GMT
    ... General Motors today confirmed that the proposed sale of Saab ... Koenigsegg was also working with China's Beijing Automotive to help secure the deal. However, neither ... Opel and Vauxhall subsidiaries to Canadian group Magna. ...

  • Swedish firm backs out of deal to buy Saab brand from GM 24 Nov 2009 18:55 GMT
    ... Koenigsegg struck a preliminary agreement with Beijing Automotive Industry Holdings to give the Chinese company ... group led by Canadian auto parts supplier Magna International Inc. Auto dealership chain owner and ... Auto dealership chain owner and former race car driver Roger Penske in September ended plans ...

  • Benchmark Journal Market & Financial Analysis on Calpine Corp., Aetna Inc., Magna International Inc. 24 Nov 2009 18:53 GMT
    ... one year, but... Aetna Inc. reported an 18% increase in third-quarter earnings Thursday, but... Magna International Inc., taking advantages of China's cheaper costs, plans to significantly increase its sourcing ...

  • Saab's future unclear as GM loses bidder 24 Nov 2009 18:52 GMT
    ... sell its European Opel unit to a group led by Canadian auto parts supplier Magna International Inc. Auto dealership chain owner and former race car driver Roger Penske in September ended plans to buy the Saturn brand after an ...

  • CNN - GM's Saab Deal Falls Through 24 Nov 2009 18:50 GMT
    ... a great day to shop for a car. Here a few deals that deserve special ... recently announced a tentative deal with Beijing Automotive Industry Holdings to explore export opportunities for ... group led by Canadian auto parts maker Magna International ( GM said the decision to ...

  • GM's Saab sale falls through 24 Nov 2009 18:37 GMT
    ... to sell its European Opel and Vauxhall operations to a consortium led by Canada's Magna International Inc. The Detroit automaker came under fire for backing out of that sale ...

  • GM's plan to sell its Saab division appears dead after a Swedish specialty automaker backed out of the deal. 24 Nov 2009 18:37 GMT
    ... to sell its European Opel and Vauxhall operations to a consortium led by Canada's Magna International Inc. The Detroit automaker came under fire for backing out of that sale ...

  • Mandelson: Europe car industry needs restructuring 24 Nov 2009 18:35 GMT
    ... Tackling the problem of overcapacity is key to the long-term ... to the long-term future success of the automobile industry in Britain and Europe, Business Secretary ... group led by Canadian auto parts maker Magna. On Tuesday the company slightly lowered its target for ...

  • GM's Saab sale collapses 24 Nov 2009 18:35 GMT
    ... a partnership led by the Swedish luxury car builder Koenigsegg and backed by China's Beijing Automotive Industrial Holding Ltd. Koenigsegg said in a ... group led by Canadian auto parts maker Magna International. GM said earlier on Tuesday that ...

  • Saab future unclear as sale to Swedish firm fails 24 Nov 2009 18:32 GMT
    ... GM, are seen in front of a car dealer in Stuttgart, Germany. General Motors Co. ... Koenigsegg struck a preliminary agreement with Beijing Automotive Industry Holdings to give the Chinese company ... group led by Canadian auto parts supplier Magna International Inc. Auto dealership chain owner and ...

  • GM's Saab sale collapses; buyer backs out 24 Nov 2009 18:32 GMT
    ... a partnership led by the Swedish luxury car builder Koenigsegg and backed by China's Beijing Automotive Industrial Holding Ltd. Koenigsegg said in a ... group led by Canadian auto parts maker Magna International. GM said earlier on Tuesday ...

  • Mandelson: Europe car industry needs restructuring 24 Nov 2009 18:31 GMT
    ... LONDON (Reuters) - Tackling the problem of overcapacity is key to ... to the long-term future success of the automobile industry in Britain and Europe, Business Secretary ... group led by Canadian auto parts maker Magna. On Tuesday the company slightly lowered its target for ...


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