Magna International, Inc. News on Daylife

Germany takes brunt of Opel job cuts, Saab in limbo

Wed, 25 Nov 2009 18:48:02 GMT

At the same, the U.S. automaker cast around for fresh options for Sweden's loss-making Saab after the collapse of its sale to luxury carmaker Koenigsegg added a new dimension to its tortuous European restructuring plans.
Source: International Business Times

GM Grapples With Saab, Opel Futures

Wed, 25 Nov 2009 17:21:10 GMT

Earlier this month the U.S. automaker backtracked on months of talks to sell a majority stake in Opel to a consortium led by Canada's Magna International, opting to keep and revamp the business itself.
Source: The Post Chronicle

Quoted in 'REPORT: GM's next-gen SUVs to be body-on-frame (otherwise they'd be crossovers)'

Tue, 24 Nov 2009 16:24:12 GMT

said in AutoblogGreen:

Our friends over at Pickuptrucks.com are reporting that the next generation of the GMT platform will be produced by Magna International's Cosma in Canada and Mexico

REPORT: GM's next-gen SUVs to be body-on-frame (otherwise they'd be crossovers)

Tue, 24 Nov 2009 16:24:12 GMT

The GMT900 platform is by far the highest volume chassis General Motors has here in the States, as it underpins the Chevrolet Silverado, Tahoe, Avalanche and Suburban, the Cadillac Escalade/Escalade ESV, and the GMC Sierra, Yukon and Yukon XL.
Source: AutoblogGreen

Magna wins GM parts contract

Tue, 24 Nov 2009 15:31:41 GMT

Magna International Inc. will supply major structural components for General Motor Co.'s next generation of full-size pickup trucks and sport-utility vehicles, securing the renewal of a key contract from its largest customer.
Source: Canada.com

GM pays back Germany, signals fewer job cuts

Tue, 24 Nov 2009 12:08:01 GMT

Nick Reilly, the boss brought in from GM's thriving Asian operations to help revamp Opel, told reports in Duesseldorf on Tuesday that said his plans now call for cutting 9,000 to 9,500 jobs at Opel and British sister brand Vauxhall.
Source: International Business Times

CANADA: Magna unit wins GM frame business

Tue, 24 Nov 2009 11:34:17 GMT

Magna International unit Cosma International has announced it will supply the frame [chassis] assembly for General Motors' next generation of full-size light-duty pickups and SUVs.
Source: Just-Auto.com

Cosma to build frame assembly for GM's next generation pickups and SUVs

Mon, 23 Nov 2009 21:38:00 GMT

AURORA, Ont. - Magna International Inc. (TSX:MG.A) had some welcome news for recession-battered St. Thomas, Ont. , on Monday, announcing that it has been chosen to supply frame assemblies for General Motors' next generation of full-size pickups and SUVs.
Source: Canoe

GM to present plan to restructure Opel this week

Mon, 23 Nov 2009 19:49:02 GMT

BRUSSELS (Reuters) -- General Motors will present a plan to European governments to save struggling carmaker Opel within days, a rescue set to cost 3.3 billion euros ($4.9 billion), those involved in talks said today.
Source: Automotive News

Quoted in 'Vauxhall jobs secured as new owner bows to Mandelson'

Tue, 13 Oct 2009 21:20:05 GMT

said in Times Online:

Following extensive and constructive dialogue between Vauxhall Motors, Magna International, Unite and the British Government, we are pleased that the parties have secured an agreement that protects the jobs and prospects of the 5,000 Vauxhall employees in the UK.

Photo from AP Photo

Tue, 22 Sep 2009 12:59:42 GMT

Don Walker, co-chief executive officer of Magna International Inc. , speaks during a press conference in Tokyo, Japan, Tuesday, Sept. 22, 2009.

Photo from AP Photo

Tue, 22 Sep 2009 12:51:16 GMT

Don Walker, right, co-chief executive officer of Magna International Inc. , speaks as Magna Vice President of Business Development James J. Tobin looks on during a press conference in Tokyo, Japan, Tuesday, Sept. 22, 2009.

The Next Great Prime Minister of Canada - William Walker

Fri, 14 Nov 2008 17:32:31 GMT