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Canada Magna International News is an EIN News Service for automotive industry professionals. Constantly updated news and information about Canada Automotive.
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Latest Canada Magna International News

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  • PRESS DIGEST - Canada - Nov 24 24 Nov 2009 12:31 GMT
    ... The following are top stories from selected Canadian newspapers. Reuters has not verified these stories ... it sank on Oct. 22, 1901. In Canada, where consumers account for 60 percent of ... a big presence in traditional life insurance. Magna International Inc will supply major structural components for ...

  • CANADA STOCKS-TSX may open higher, banks in spotlight 24 Nov 2009 13:40 GMT
    ... expected to shine the spotlight on the Canadian financial sector. Meanwhile, firm gold prices could ... Club North America credit card business to Canada's BMO Financial Group, as part of its ... cancel a deal that would have Canada's Magna International ( ) build the Porsche Boxster model ...

  • Cosma to build frame assemblies for GM in recession-battered St. Thomas, Ont. 24 Nov 2009 00:10 GMT
    ... AURORA, Ont. - Magna International Inc. (TSX:MG.A) had some welcome news for ... Fuerst said in an email to The Canadian Press. Cosma International, an operating unit of ... Toyota, Honda and other overseas rivals. In Canada, GM has already closed down its pickup ...

  • TIMELINE-GM's plans for its Opel unit 24 Nov 2009 15:31 GMT
    ... year: Nov. 2008 - Asks Germany for state loan guarantees. April 28, 2009 - Canadian-Austrian firm Magna International Inc outlines offer for Opel. May 20 - GM Europe says three bids have ...

  • GM wants gov'ts to help pay $4.9 bn restructuring 24 Nov 2009 03:54 GMT
    ... loan guarantees if GM Europe sold the majority of its struggling European business to Canadian car parts maker Magna International Inc. and Russian lender Sberbank. Belgium and others were angered by reports that Magna ...

  • GM seeks European governments' aid with $4.9B 24 Nov 2009 05:31 GMT
    ... loan guarantees if GM Europe sold the majority of its struggling European business to Canadian car parts maker Magna International Inc. and Russian lender Sberbank. Belgium and others were angered by reports that Magna ...

  • GM Pitches $4.9B Restructure To Euro Gov'ts 24 Nov 2009 16:50 GMT
    ... loan guarantees if GM Europe sold the majority of its struggling European business to Canadian car parts maker Magna International Inc. and Russian lender Sberbank. Belgium and others were angered by reports that Magna ...

  • GM makes pledge on German Opel sites 24 Nov 2009 20:42 GMT
    ... GM says it needs to make the carmaker competitive. instead of selling it to Magna International, a Canadian car parts maker. It plans to lower Opel’s capacity by 20 to 25 per ...

  • Germany warns fellow EU governments against GM jobs aid 24 Nov 2009 04:32 GMT
    ... if it 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 ...

  • Germany warns fellow EU gov'ts against GM jobs aid 24 Nov 2009 04:34 GMT
    ... if it 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 ...

  • Merkel waiting for 'thank-you letter' from GM 24 Nov 2009 19:34 GMT
    ... September to sell a majority stake in Opel, which includes Vauxhall in Britain, to Canadian auto parts maker Magna International and But it later pulled a handbrake turn on the deal, deciding instead to ...

  • Koenigsegg backs out of plan to buy Saab from GM 24 Nov 2009 18:01 GMT
    ... of a deal to 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 ...

  • GM's Plan To Sell Saab Falls Through 24 Nov 2009 18:02 GMT
    ... of a deal to 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 ...

  • Saab future unclear as sale to Swedish firm fails 24 Nov 2009 18:20 GMT
    ... of a deal to 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 ...

  • Saab's future unclear as GM loses bidder 24 Nov 2009 18:21 GMT
    ... of a deal to 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 ...


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