Magna’s Co-CEO Siegfried Wolf will resign to join Russian company
Starting Nov. 15, Donald Walker will become Magna International Inc.’s sole chief as co-CEO Siegfried Wolf has resigned to join an affiliate of Russia's GAZ Group. According to a... Read more
Magna is in advanced talks with Mitsubishi to build a joint battery plant
Talks are ongoing between car parts supplier Magna International Inc. and Mitsubishi Motors Corp. to build a joint battery plant for electric cars, according to Austrian Business daily... Read more
Magna seeking locations to produce batteries for electric cars
Magna International Inc. intends to capitalize on the fast-growing electric car business and is currently looking for locations in Europe and in the US where it can set up one factory... Read more
Mercedes-Benz chooses Magna to manufacture SLS AMG body
While customers have threatened to pull out of their contracts due to Magna International Inc.'s impending takeover of Opel, it got a boost of confidence from Daimler AG which is actually... Read more
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