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Canadian auto-parts maker Magna International Inc. (MGA) posted a third-quarter profits despite a revenue drop of 16% that coincided with cuts in auto production. Full Article at FOX News
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NEW YORK -- Shares of Magna International Inc. soared Friday after the Canadian auto supplier said it posted a $51 million third-quarter profit, blowing away Wall Street predictions. Full Article at Miami Herald
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M agna International Inc. is in discussions with General Motors Co. and auto maker OAO GAZ to build a vehicle assembly plant in Russia, Magna chairman Frank Stronach says, showing that the parts giant remains eager to tap the country's emerging economy. Full Article at Globe and Mail
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TORONTO -- Magna International Inc. said Thursday it was refocusing on its main auto supply business and is not weighing a purchase of any other vehicle manufacturer following its failure this week to buy General Motors Co.'s European unit Opel. Full Article at Financial Post
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M agna International Inc. MG.A-T will turn its attention to new technologies including electric vehicles after a plan to acquire General Motors Co.'s European division was scuttled earlier this week. Full Article at Globe and Mail
