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DETROIT, Nov. 8 (UPI) -- U.S. automaker General Motors says it is pushing ahead with plans to work with Canadian parts supplier Magna International Inc. on a Russian production deal. Full Article at United Press International
General Motors Co. hopes to salvage a key element of the collapsed plan to sell its Adam Opel GmbH carmaker -- a three-way production deal in Russia. Full Article at Detroit News Online
Don Walker, co-chief executive officer of Magna International Inc. , speaks during a press conference in Tokyo, Japan, Tuesday, Sept. 22, 2009. View Photo »
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.
Magna International's stock price shot up more than 14 per cent Friday in its biggest one-day jump in 18 years after posting a surprise quarterly profit. Full Article at Toronto Star
DETROIT The head of European operations for General Motors quit on Friday after the automaker backed out of a deal to sell its Opel brand, a decision that has angered German workers and government officials. Full Article at The New York Times
Published 06 11 2009 - Toyota's popular Prius hybrid was the top-selling car in Japan in October for the sixth straight month, helped by tax breaks and government subsidies for environmentally friendly vehicles,... Full Article at Canoe
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. View Photo »
Shares of Magna International Inc. jumped more than 14 per cent in trading Friday after the auto parts company reported a third-quarter profit of $51 million and was reported to be involved in a new auto palant in Russia. Full Article at Toronto Star
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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Don Walker, co-chief executive officer of Magna International Inc. , speaks during a press conference in Tokyo, Japan, Tuesday, Sept. 22, 2009.
View Photo »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.
View Photo »Don Walker, co-chief executive officer of Magna International Inc. , listens to a reporter's question during a press conference in Tokyo, Japan, Tuesday, Sept. 22, 2009.
View Photo »Magna International Inc Co-Chief Executive Donald Walker (L) speaks to the media beside Executive Vice President of Business Development James Tobin during a news conference about the company's investment in the Opel car company at Magna's headquarters in Aurora, Ontario September 14, 2...
View Photo »Magna International Inc Co-Chief Executive Donald Walker (L) speaks to the media beside Executive Vice President of Business Development James Tobin during a news conference about the company's investment in the Opel car company at Magna's headquarters in Aurora, Ontario September 14, 2...
View Photo »Magna International Inc Co-Chief Executive Donald Walker speaks to the media about the company's investment in the Opel car company at Magna's headquarters in Aurora, Ontario September 14, 2009.
View Photo »Magna International Inc Co-Chief Executive Donald Walker speaks to the media about the company's investment in the Opel car company at Magna's headquarters in Aurora, Ontario September 14, 2009.
View Photo »Magna International Inc Co-Chief Executive Donald Walker speaks to the media about the company's investment in the Opel car company at Magna's headquarters in Aurora, Ontario September 14, 2009.
View Photo »Magna International Inc Co-Chief Executive Donald Walker (L) speaks to the media beside Executive Vice President of Business Development James Tobin during a news conference about the company's investment in the Opel car company at Magna's headquarters in Aurora, Ontario September 14, 2...
View Photo »Magna International Inc. executives Donald Walker, right, and James Tobin announce details of their joint offer to acquire a 55 per cent interest in Opel during a press conference in Aurora, Ont. , north of Toronto, Monday, Sept. 14, 2009.
View Photo »Magna International Inc. executives Donald Walker, left, and James Tobin announce details of their joint offer to acquire a 55 per cent interest in Opel during a press conference in Aurora, Ont. , north of Toronto, Monday, Sept. 14, 2009.
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 (R) shakes hands with GM Europe President Carl-Peter Forster in Cologne September 9, 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 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 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 »A Magna Steyr logo is pictured in Graz June 3, 2009. Canadian auto supplier Magna International aims to close a deal with General Motors over its Opel unit in September, Magna's co-Chief Executive Siegfried Wolf said Wednesday.
View Photo »A Magna Steyr logo is pictured in Graz June 3, 2009. Canadian auto supplier Magna International aims to close a deal with General Motors over its Opel unit in September, Magna's co-Chief Executive Siegfried Wolf said Wednesday.
View Photo »A Magna Steyr logo is pictured in Graz June 3, 2009. Canadian auto supplier Magna International aims to close a deal with General Motors over its Opel unit in September, Magna's co-Chief Executive Siegfried Wolf said Wednesday.
View Photo »Magna co-Chief Executive Siegfried Wolf (L) and GM Europe President Carl-Peter Forster attend a news conference after talks in the headquarters of German car manufacturer Opel in Ruesselsheim June 3, 2009.
View Photo »Magna co-Chief Executive Siegfried Wolf (L-R), Klaus Franz, leader of the Opel works council and GM Europe President Carl-Peter Forster attend a news conference after talks in the headquarters of German car manufacturer Opel in Ruesselsheim June 3, 2009.
View Photo »Magna co-Chief Executive Siegfried Wolf smiles during a news conference after talks in the headquarters of German car manufacturer Opel in Ruesselsheim June 3, 2009.
View Photo »Magna co-Chief Executive Siegfried Wolf smiles during a news conference after talks in the headquarters of German car manufacturer Opel in Ruesselsheim June 3, 2009.
View Photo »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.
View Photo »
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