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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. Full Article at International Business Times
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. Full Article at The Post Chronicle
Don Walker, co-chief executive officer of Magna International Inc. , speaks during a press conference in Tokyo, Japan, Tuesday, Sept. 22, 2009. View Photo »
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
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. Full Article at AutoblogGreen
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. Full Article at Canada.com
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. Full Article at International Business Times
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 »
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 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. Full Article at Just-Auto.com
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. Full Article at Canoe
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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 »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
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.
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