Magna swung back to profit in the second quarter
In the second quarter, Magna International Inc. swung back to profit, with North American sales climbing by about two-thirds. The Canadian auto parts maker posted earnings of $293... Read more
Magna is the leading contender to takeover Karmann roof unit
Four bidders have been identified to be competing to acquire insolvent German supplier Karmann's roof business, according to a source familiar with the matter. Leading the pack is... Read more
Opel-Magna deal to get finalized this week
Even as other European countries continue to have concerns about the deal General Motors Co. has entered for its Opel segment, it is still expected that the contract will be signed this... Read more
Business as usual between Vw and Magna once Opel deal is dead
"Business as usual" according to Volkswagen AG, which has dropped its threat to halt awarding contracts to Magna International Inc. now that it won't be the new owner of competitor Opel.... Read more
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