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- GM Board to Reconsider Opel Next Month
- By Kevin Krolicki and Maria SheahanDETROIT/FRANKFURT (Reuters UK) - General Motors GM will decide in early November whether to proceed with a deal to sell its European arm Opel to a group led by Canada's Magna MGa or to seize a new opportunity to keep the unit after seven months...
- News items 2009-10-23
- GM to Present Opel Restructuring Plan
- By Feliciano TiseraZARAGOZA (Reuters UK) - U.S. carmaker General Motors GM will present a new viability plan for Opel in mid-December as it aims to reduce capacity across Europe by about 20 percent, a top executive said on Thursday.GM this month reversed a decision to sell a majority stake in...
- News items 2009-11-19
- Marvin Windows and Doors Case Study: Magna International, Inc. Aurora, Ontario, Canada
- Magna is an automobile parts manufacturer - one of the world's largest and most diversified automobile suppliers. To highlight its building's majestic design, Magna needed exceptional windows. The building owners chose pairs of Marvin's signature Case master windows crowned with Awning Transoms - all made with a special green-tinted glass....
- Case studies
- Magna's Coen: '08 Online Ad Spend To Grow Only 8 Percent; Total Ad Revs To Drop 3.2 Percent
- Magna Global's Bob Coen has downgraded his forecast for U.S. online ad spend to 8 percent growth from his earlier call this summer's for web ad dollars to rise 12 percent. At this point, it looks like 2009 growth in online will slow significantly, rising only 5 percent, he...
- External links 2008-12-08
- Valence Technology F3Q09 (Qtr End 12/31/08) Earnings Call Transcript
- Question-and-Answer Session Operator Operator Instructions We’ll take our first question from Bob Ecinder - Garden State. Bob Ecinder - Garden State A question, Bob; I know that you’re working with Smith Electric Vehicle, and they have announced that they are going to be building a facility in the...
- Earnings calls 2009-02-09
- Brussels to pore over Magna deal
- The European Commission is to scrutinise German backing for the takeover of General Motors' European operations amid concern that planned job cuts could be influenced by political factors, hitting plants in the UK and Belgium disproportionately hard.Signalling that she would take a tough line on the issue, Neelie Kroes,...
- External links 2009-09-14
- VW and BMW voice unease at Magna plans
- Magna's plans to take a majority stake in GM's lossmaking European arm Opel triggered a backlash yesterday when German carmakers Volkswagen and BMW voiced unease over the deal and warned that they would review their business relationships with the Canadian car parts supplier.Ferdinand Piëch, VW chairman, said that Europe's...
- External links 2009-09-15
- UK raises 'subsidy war' fear over Opel
- Lord Mandelson called on Brussels on Thursday night to ensure that Germany's offer of multibillion-euro subsidies to smooth the sale of General Motors' European arm does not begin a "subsidy war", with governments using state aid to protect jobs.The UK business secretary's intervention in the escalating political row over...
- External links 2009-09-17
- Magna, GM Make Progress, No Deal on Opel: Unions
- FRANKFURT (Reuters) - Chief executives of General Motors and autoparts maker Magna made some progress in Friday talks on the sale of GM's Opel unit, but key barriers remain, Opel's top labor leader and board member said on Saturday. GM chief Fritz Henderson and Magna Co-CEO Siegfried Wolf met in...
- News items 2009-08-08
- Magna says resolves final Opel issues with GM
- By Christiaan Hetzner and Angelika Gruber) FRANKFURT (Reuters) - Magna and its Russian partner Sberbank have reached an agreement in principle with General Motors' management over a contract to buy a stake in GM's European unit Opel, Magna Co-Chief Executive Siegfried Wolf told Reuters on Thursday The boards of directors...
- News items 2009-08-13
- GM Moves Closer to Picking Magna For Opel: Sources
- By Philipp Halstrick and Angelika Gruber FRANKFURT (Reuters) - General Motors is moving closer to picking Germany's favored buyer, Magna International and its Russian partners, for its Opel business when GM's board meets on Friday, sources close to the matter said. "It's going in the direction of Magna," one of...
- News items 2009-08-21
- GM Still Wants State Aid For Opel
- By Christiaan Hetzner and Angelika GruberFRANKFURT (Reuters UK) - General Motors GM reaffirmed on Friday it wants state aid to help overhaul European arm Opel after a newspaper quoted GM's chairman as saying the U.S. carmaker will not ask German taxpayers for help.The topic is politically sensitive since GM this...
- News items 2009-11-14
- GM Still Wants State Aid For Opel Restructuring
- By Christiaan Hetzner and Angelika GruberFRANKFURT (Reuters UK) - General Motors GM reaffirmed on Friday it wants state aid to help overhaul European arm Opel after a newspaper quoted GM's chairman as saying the U.S. carmaker will not ask German taxpayers for help.The topic is politically sensitive since GM this...
- News items 2009-11-13
- GM CEO Starts Opel Charm Tour at Ruesselsheim HQ
- By Christiaan HetznerFRANKFURT (Reuters) - General Motors GM Chief Executive Fritz Henderson was due in Germany on Monday to start talks aimed at soothing workers' tempers over the carmaker's plan to reorganize European arm Opel on its own.GM plunged Opel into turmoil last week by reversing its plan to sell...
- News items 2009-11-09
- GM Puts Signing of Opel Sale on Hold
- FRANKFURT (Reuters) - General Motors GM put on hold a deal to sell a 55 percent stake in carmaker Opel to a Russian-backed consortium led by Canadian automotive group Magna MGa, GM's chief negotiator on the deal said on Friday.No sale can proceed until the U.S. carmaker's board of directors...
- News items 2009-10-23
- Magna's Opel Buy Inches Closer
- By Foo Yun Chee and Feliciano TiseraBRUSSELS/ZARAGOZA, Spain (Reuters UK) - Canada's Magna MGa on Monday inched closer to clinching its Opel buy with approval from Spanish plant workers as the clock ticks down to a November 3 board meeting at which GM GM is set to decide on the...
- News items 2009-10-26
- Magna's Opel Buy Inches Closer as Spain Gives Go-ahead
- By Foo Yun Chee and Feliciano TiseraBRUSSELS/ZARAGOZA, Spain (Reuters) - Canada's Magna on Monday inched closer to clinching its Opel buy with approval from Spanish plant workers as the clock ticks down to a November 3 board meeting at which GM is set to decide on the deal.Spain's Opel workers...
- News items 2009-10-26
- Germans to Take New Look at Opel Deal
- By Alexander Huebner and Maria SheahanFRANKFURT (Reuters UK) - Germany's new government will take a fresh look at the planned sale of carmaker Opel to Canada's Magna MGa and may consider dropping its support for the deal, a member of the trust overseeing Opel said."The new government will take another...
- News items 2009-10-27
- Magna Wants Demel to Head Opel: Report
- FRANKFURT (Reuters) - Canadian auto parts maker Magna MGa wants Herbert Demel, the head of its Austrian car development and assembly plant, to become head of Opel, a German magazine said, citing sources.Carl-Peter Forster, the current head GM Europe, had been touted to become the head of Opel's operating business...
- News items 2009-11-01
- Magna Wants Demel to Head Opel - Report
- FRANKFURT (Reuters UK) - Canadian auto parts maker Magna MGa wants Herbert Demel, the head of its Austrian car development and assembly plant, to become head of Opel, a German magazine said, citing sources.Carl-Peter Forster, the current head GM Europe, had been touted to become the head of Opel's operating...
- News items 2009-11-01
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