Magna Says It Won't Mix Parts and Cars Businesses
17 Jun 2009, 14:01 UTC · By: Bogdan Popa / Magna International, the new Opel owner as some reports are indicating - in spite of official statements that the German government is still taking with other investors - says it does not intend to ...
Magna, Sberbank Give Opel 500 Million Euro to Save Jobs
9 Jun 2009, 10:34 UTC · By: Bogdan Popa / After receiving the first 300 million euros from the German government last week, Opel is about to receive a new funding package, this time sourced from Magna International and Russia's Sberban...
Russia's Plans for Opel
8 Jun 2009, 12:29 UTC · By: Daniel Patrascu / As most of you know by now, the deal between Magna and Opel is not as straight forward as it may first appear. The Russians, perhaps even more than Magna thanks to the 35 percent stake they hold thr...
Magna Takes GM's Russian Plants
5 Jun 2009, 07:27 UTC · By: Daniel Patrascu / Following the success in the Opel deal, Canadian company Magna and its Russian bank Sberbank partner will also take over the facilities operated by GM in Russia. The plants will be handed by GM over...
Magna Confirms Bid for Opel
24 May 2009, 21:14 UTC · By: Bogdan Popa / After weeks of uncertainty, the Canadian-Austrian car company Magna International reckoned that it has submitted a bid for the German ailing brand Opel. Just as we told you in our previous coverage ...