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They're shaking their heads in Dixon following a bankruptcy court sale of land once planned for a horse racing track and retail/entertainment complex. The winning bidder? Full Article at Sacramento Bee
Frank Stronach should thank the gods, or at least General Motors, for taking away his chance to prove he can build cars better than customers of his Magna International empire. Full Article at Canadian Business Online
Wr. Neustadt's praesident Frank Stronach (L) and coach Helmut Kraft are pictured before their Austrian league soccer match against Rapid in Wiener Neustadt October 4, 2009. View Photo »
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
Today's top stories from Report on Business : Anger swept across Germany today after General Motors Co.'s decision to kill the sale of Opel to Canadian auto-parts maker Magna International Inc. Full Article at Globe and Mail
The deal had the support of both the German government and labour leaders because it provided the best hope of saving jobs in Germany. Full Article at CTV
Magna International Inc. Chairman Frank Stronach (R) shakes hands with GM Europe President Carl-Peter Forster in Cologne September 9, 2009. View Photo »
General Motors' surprise decision to keep Opel, its European automaking unit, not only upset Frank Stronach's longtime aspiration to become an automaker, it also ticked off politicians, union leaders and car executives on both sides of the Atlantic,... Full Article at Canada.com
Frank Stronach's dream of becoming a leading world automaker died Tuesday when the board of General Motors Co. reversed itself and decided not to sell control of its European division, centred on the Opel and Vauxhall brands, to a consortium led by... Full Article at Toronto Star
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Wr. Neustadt's praesident Frank Stronach (L) and coach Helmut Kraft are pictured before their Austrian league soccer match against Rapid in Wiener Neustadt October 4, 2009.
View Photo »Magna International Inc. Chairman Frank Stronach (R) shakes hands with GM Europe President Carl-Peter Forster in Cologne September 9, 2009.
View Photo »Magna International Inc. Chairman Frank Stronach, right, talks during a news conference in front of the Chancellery in Berlin, Thursday morning, May 28, 2009.
View Photo »German Chancellor Angela Merkel (R) welcomes Magna International Inc. Chairman Frank Stronach (C) as North-Rhine Westphalia's State Prime Minister Juergen Ruettgers (L) stands beside during a meeting at the Chancellery in Berlin, May 27, 2009.
View Photo »German Chancellor Angela Merkel, right, and Juergen Ruettgers, prime minister of German state North Rhine-Westphalia, left, welcome Magna International Inc. Chairman Frank Stronach, center, during a meeting about the future of Opel in the Chancellery in Berlin, on Wednesday, May 27, 2009.
View Photo »FILE - In this May 27, 2009 file picture Magna International Inc. Chairman Frank Stronach arrives for a meeting about the future of Opel at the Chancellery in Berlin.
View Photo »Magna International Inc. Chairman Frank Stronach arrives for a meeting about the future of Opel at the Chancellery in Berlin, Wednesday, May 27, 2009.
View Photo »Magna International Inc. Chairman Frank Stronach arrives for a meeting about the future of Opel at the Chancellery in Berlin, Wednesday, May 27, 2009.
View Photo »Magna International Inc. Chairman Frank Stronach, right, and Siegfried Wolf, left, Magna's co-Chief Executive Officer, arrive for a meeting about the future of Opel at the Chancellery in Berlin, on Wednesday, May 27, 2009.
View Photo »Magna International Inc. Chairman Frank Stronach arrives for a meeting about the future of Opel at the Chancellery in Berlin, on Wednesday, May 27, 2009.
View Photo »Magna International Inc. Chairman Frank Stronach arrives for a meeting about the future of Opel at the Chancellery in Berlin, on Wednesday, May 27, 2009.
View Photo »Austrian-Canadian businessman Frank Stronach (L), founder of Canadian car parts maker Magna, and Magna CEO Siegfried Wolf arrive on May 27, 2009 at the Chancellery in Berlin for talks on the future of car maker Opel.
View Photo »Magna International Inc. Chairman Frank Stronach (L) arrives at the Chancellery in Berlin, May 27, 2009.
View Photo »Austrian-Canadian businessman Frank Stronach (L), founder of Canadian car parts maker Magna, and Magna CEO Siegfried Wolf arrive on May 27, 2009 at the Chancellery in Berlin for talks on the future of car maker Opel.
View Photo »Austrian-Canadian businessman Frank Stronach (L), founder of Canadian car parts maker Magna, and Magna CEO Siegfried Wolf arrive on May 27, 2009 at the Chancellery in Berlin for talks on the future of car maker Opel.
View Photo »Magna International Inc. Chairman Frank Stronach (R) shakes hands with former Ontario Premier Bill Davis at the end of Magna's annual general meeting of shareholders. in Toronto May 6, 2009.
View Photo »Wr. Neustadt's sponsor Frank Stronach (L) and vice president Ernst Neumann are pictured during their Austrian Cup semi-final soccer match against Austria Vienna in Wiener Neustadt April 22, 2009.
View Photo »Magna International Inc. chairman Frank Stronach looks at a battery-powered car on display in Ottawa, Canada on Tuesday June 2, 2009. Stronach says he expects the company's newly acquired Opel unit in Germany to break even in three years and turn a profit in four years.
View Photo »Austrian-Canadian businessman Frank Stronach, founder of Canadian car parts maker Magna, talks to journalists at the Chancellory in Berlin on early May 28, 2009 after a night long key meeting on the future of car maker Opel.
View Photo »Austrian-Canadian businessman Frank Stronach, founder of Canadian car parts maker Magna, talks to journalists at the Chancellory in Berlin on early May 28, 2009 after a night long key meeting on the future of car maker Opel.
View Photo »Austrian-Canadian businessman Frank Stronach, founder of Canadian car parts maker Magna, gets out of his car as he arrives on May 27, 2009 at the Chancellery in Berlin for talks on the future of car maker Opel.
View Photo »Austrian-Canadian businessman Frank Stronach, founder of Canadian car parts maker Magna, gets out of his car as he arrives on May 27, 2009 at the Chancellery in Berlin for talks on the future of car maker Opel.
View Photo »File photo of Magna International Inc. Chairman Frank Stronach speaking during the annual general meeting of shareholders in Toronto May 6, 2009. German Chancellor Angela Merkel on September 10, 2009 confirmed that General Motors GM will sell Opel to Magna. Picture taken May 6, 2009.
View Photo »Magna International Inc. Chairman Frank Stronach gives a statement in Cologne September 9, 2009. Stronach said he expects a decision by General Motors on Opel within the next two weeks.
View Photo »Magna International Inc. Chairman Frank Stronach gives a statement in Cologne September 9, 2009. Stronach said he expects a decision by General Motors on Opel within the next two weeks.
View Photo »Magna International Inc. Chairman Frank Stronach (R) shakes hands with GM Europe President Carl-Peter Forster in Cologne September 9, 2009.
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