General Motors Co. is trying to work with Canadian parts supplier Magna International Inc. on a three-way Russian auto production business, according to the Detroit News. Last week, GM officials said they hope to negotiate with Magna and Russia's No. 2 automaker GAZ after the US automaker decided...
* GM board opts to keep Opel European operations * Decision marks sharp reversal from plan to sell to Magna * Germany says regrets GM move, wants its money back * GM says restructuring Opel...
* GM board opts to keep Opel European operations * Decision marks sharp reversal from plan to sell to Magna * GM says restructuring Opel to cost about 3 bln euros (Adds confirmation, comment by...
Oct 15 - General Motors will sign a deal on Thursday or Friday to sell a majority stake in European arm Opel to parts maker Magna and Russia's Sberbank, sources told Reuters. Founded in 1863...
Shanghai, September 28 (Gasgoo.com) Magna International Inc, taking advantages of China's cheaper costs, plans to significantly increase its sourcing of spare parts in China by 2012.
Shanghai, September 22 (Gasgoo.com) The co-chief executive of Canadian auto supplier Magna International said today that he has not heard of his company's talks with China's Geely Group over a possible alliance on Opel, Reuters reported.
* Magna hasn't lost any business as result of Opel deal * No crossover between management of Magna, Opel * Opel boards to operate independently from Magna * Magna will retain decentralized business model TORONTO,...
* Geely approached Magna for Opel partnership-source * Talks involved possibility of Opel stake * Geely refraining from any such deal for now * Analysts see limited upside for Geely * Chinese car makers need...
* Geely approached Magna for potential Opel stake - source * Listed Geely 'never approached" Magna on Opel - exec * Magna unavailable; Opel says no new information * Analysts see limited upside for Geely...
* Geely approaches Magna for Opel partnership * Geely interested in Opel stake * Analysts question Geely's ability to manage assets abroad * Geely, Magna unavailable; Opel says no new information NEW YORK, Sept 17...