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	<title><![CDATA[Magna International Inc. | Company News & Executive Profiles | BNET]]></title>
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	<description><![CDATA[Latest company news & analysis, recent events, stock quotes, earning call transcripts, with profiles and descriptions of top business executives for Magna International Inc.]]></description>
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		<title><![CDATA[Germany to bear brunt of Opel cuts]]></title>
		<link><![CDATA[http://industry.bnet.com/auto/news-analysis/germany-bear-brunt-opel-cuts/21953/]]></link>
		<description><![CDATA[General Motors said yesterday that Germany would suffer 50 to 60 per cent of the job cuts it was planning at its European Opel-Vauxhall business. Nick Reilly, head of GM's international operations, also said the Detroit carmaker would set up a working group on its plant in Antwerp, Belgium, whose...]]></description>
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		<pubDate>Thu, 26 Nov 2009 00:27:05 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/general+motors+corp..html"><![CDATA[General Motors Corp.]]></category>
		<category domain="http://resources.bnet.com/topic/magna+international+inc..html"><![CDATA[Magna International Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">GMGMQ</category>
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		<title><![CDATA[GM wants help paying $4.9B European restructuring]]></title>
		<link><![CDATA[http://industry.bnet.com/auto/news-analysis/gm-paying-49b-european-restructuring/21502/]]></link>
		<description><![CDATA[BRUSSELS ? General Motors Co. today asked European governments to help pay most of the $4.9 billion it needs to restructure its struggling European operations. Nick Reilly, the CEO of GM?s Adam Opel GmbH and Vauxhall units, said it would be ?quite difficult? for GM to supply much of the...]]></description>
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		<pubDate>Mon, 23 Nov 2009 09:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/general+motors+corp..html"><![CDATA[General Motors Corp.]]></category>
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		<title><![CDATA[Spanish GM workers agree restructuring]]></title>
		<link><![CDATA[http://industry.bnet.com/auto/news-analysis/spanish-gm-workers-agree-restructuring/17596/]]></link>
		<description><![CDATA[General Motors' Spanish workers on Monday voted to approve Magna International's modified restructuring plan for their plant, bringing the Canadian company's takeover of Opel a step closer. Separately, the European Commission on Monday said it would rule by November 27 as to whether the deal complied with its antitrust rules....]]></description>
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		<pubDate>Mon, 26 Oct 2009 17:25:40 -0700</pubDate>
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		<title><![CDATA[Spanish GM workers agree restructuring]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F1a1387f4-c25e-11de-be3a-00144feab49a.html&siteid=23&tag=financialtimes]]></link>
		<description><![CDATA[ General Motors' Spanish workers on Monday voted to approve Magna International's modified restructuring plan for their plant, bringing the Canadian company's takeover of Opel a step closer.Separately, the European Commission on Monday said it would rule by November 27  as to whether the deal complied with its antitrust...]]></description>
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		<pubDate>Mon, 26 Oct 2009 15:51:07 -0700</pubDate>
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		<title><![CDATA[The Solar-Rust Belt Connection]]></title>
		<link><![CDATA[http://industry.bnet.com/technology/news-analysis/solar-rust-belt-connection/17341/]]></link>
		<description><![CDATA[BURLINGAME, Calif. -- What can a solar company do to help both itself and the struggling auto industry? Tap into auto parts manufacturing expertise. Skyline Solar, a Mountain View, Calif., start-up, announced on Thursday that its new-style solar arrays will be made by a unit of auto parts giant Magna...]]></description>
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		<pubDate>Fri, 23 Oct 2009 16:03:10 -0700</pubDate>
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		<title><![CDATA[Spanish unions reach deal on Opel cuts]]></title>
		<link><![CDATA[http://industry.bnet.com/auto/news-analysis/spanish-unions-reach-opel-cuts/17121/]]></link>
		<description><![CDATA[Spanish unions reached an agreement with Magna International on planned job cuts at Opel, clearing one more hurdle to its takeover of General Motors' European operation. Germany and UK are also close to agreeing terms of the deal's €4.5bn ($6.7bn) financing. Participants in the long-running negotiation said on Thursday that...]]></description>
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		<pubDate>Thu, 22 Oct 2009 14:15:38 -0700</pubDate>
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		<title><![CDATA[Opel trust chief puts pressure on GM]]></title>
		<link><![CDATA[http://industry.bnet.com/auto/news-analysis/opel-trust-puts-pressure-gm/16683/]]></link>
		<description><![CDATA[The head of the German trust overseeing General Motors' Opel operations called for a quick decision from the Detroit carmaker on whether to proceed with its sale to Magna International after the European Union's competition watchdog questioned the validity of the state aid needed to finance it. Fritz Henderson, GM's...]]></description>
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		<pubDate>Tue, 20 Oct 2009 17:19:57 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/general+motors+corp..html"><![CDATA[General Motors Corp.]]></category>
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		<title><![CDATA[Germany seeks to soothe Opel fears]]></title>
		<link><![CDATA[http://industry.bnet.com/auto/news-analysis/germany-seeks-soothe-opel-fears/16302/]]></link>
		<description><![CDATA[Germany's government has dismissed fears that General Motors' sale of its Opel business may have to be halted or delayed because of European Commission concerns about the proposed deal. Karl-Theodor zu Guttenberg, economy minister, said the plan for Opel to be sold to Magna International, a Canadian car parts supplier,...]]></description>
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		<pubDate>Sun, 18 Oct 2009 15:46:43 -0700</pubDate>
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		<title><![CDATA[Germany seeks to soothe Opel fears]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F67fd8d94-bbff-11de-9426-00144feab49a.html&siteid=23&tag=financialtimes]]></link>
		<description><![CDATA[ Germany's government has dismissed fears that General Motors' sale of its Opel business may have to be halted or delayed because of European Commission concerns about the proposed deal.Karl-Theodor zu Guttenberg, economy minister, said the plan for Opel to be sold to Magna International, a Canadian car parts supplier,...]]></description>
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		<pubDate>Sun, 18 Oct 2009 09:23:39 -0700</pubDate>
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		<title><![CDATA[Brussels hurdle to sale of Vauxhall]]></title>
		<link><![CDATA[http://industry.bnet.com/auto/news-analysis/brussels-hurdle-sale-vauxhall/16257/]]></link>
		<description><![CDATA[The proposed sale of General Motors' Opel/Vauxhall business ran into a roadblock last night as the European Commission warned that restrictions on German aid for a deal appeared to break antitrust rules. In a letter to Karl-Theodor zu Guttenberg, Germany's economics minister, Neelie Kroes, EU competition commissioner, said Germany's financial...]]></description>
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		<pubDate>Fri, 16 Oct 2009 21:28:40 -0700</pubDate>
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