Kia Launches Dynamax AWD System for 2011 Sportage
18 Jul 2010, 10:46 UTC · By: Alina Dumitrache / South Korean carmaker Kia recently announced its 2011 Sportage SUV will be the first model to feature Magna’s innovative All-Wheel-Drive system. The fully active AWD coupling system, dubbed Dy...
Magna Responds to Ontario Securities Commission
17 Jun 2010, 07:46 UTC · By: Daniel Patrascu / The vote for the elimination of Magna's dual share structure, to be held on June 28, is still causing debate in Canada, as some see the move as the right one, while others look at it with disbe...
Magna's Shareholders' Dual Share Dilemma
16 Jun 2010, 10:14 UTC · By: Daniel Patrascu / After back in early May, Frank Stronach, founder of Magna International, agreed to sell the Class B stock which gave him 66 percent of the voting rights, he opened the doors for the elimination of t...
Magna Interested in Battery Production
27 May 2010, 09:20 UTC · By: Daniel Patrascu / Even if an expansion into the hybrid and EV sectors by the biggest automotive supplier in North America, Magna International, has been somewhat hinted by several of its executives, one of the compan...
After Magna, Stronach Contemplates EVs
10 May 2010, 14:31 UTC · By: Daniel Patrascu / After late last week the founder of what currently is the largest auto supplier in North America decided to exit the company, Frank Stronach, now in his 70s, is turning his attention towards the eme...
Stronach Exits Magna, Shares Skyrocket
7 May 2010, 10:36 UTC · By: Daniel Patrascu / In what is one of the most exciting news of the day for the financial markets, Frank Stronach, founder of Magna International, the largest North American supplier, is giving up his control over the ...
More Magna Parts for VW Chattanooga
27 Apr 2010, 09:45 UTC · By: Daniel Patrascu / Parts supplier Magna and German carmaker Volkswagen seem to have forgotten last year's problems, caused by the former's bid for Opel, and announced a new supply agreement for the supplier ...
Magna CEO Becomes GAZ Chairman
9 Apr 2010, 09:16 UTC · By: Daniel Patrascu / The failed Magna-Deripaska tie up of 2009 entered a new stage today, after Russian billionaire Oleg Deripaska announced the surprising appointment of Siegfried Wolf, co-CEO of Magna, as chairman of ...
Magna-Hollingsworth JV to Supply Chattanooga
6 Apr 2010, 10:31 UTC · By: Daniel Patrascu / As the Volkswagen Chattanooga, Tennessee, facility is still some one year away from opening its doors, suppliers have already begun gearing up to catch a seat at the upcoming feast. The latest suppl...
Magna to Build Chevrolet Camaro Convertible Top
27 Jan 2010, 09:32 UTC · By: Bogdan Popa / Magna International will be in charge of building Chevrolet Camaro's convertible top after Edscha AG, which initially held an agreement with General Motors, filed for insolvency. Autonews repor...
Mercedes G-Klasse to Get Right Hand Drive Again
18 Jan 2010, 15:36 UTC · By: Daniel Patrascu / A six-year period of waiting for a right hand drive version of the G-Klasse will soon be over, as German carmaker Mercedes plans to start offering such a version in the UK as soon as the end of 2010...
Magna Starts the Search for Battery Production Partner
18 Jan 2010, 11:15 UTC · By: Bogdan Popa / Just after it failed to snatch Opel, Magna promised to stay away from ailing companies that are looking for new owners and concentrate on its very own supplying business. Still, Magna is a very acti...
Magna's NAIAS Sweet Revenge
9 Jan 2010, 15:03 UTC · By: Daniel Patrascu / Following what may very well be the most exciting and, at the same time painful year in its existence, parts supplier and manufacturer Magna will go to Detroit, the home of the General who mocked th...
Sberbank Wants GM Compensations on Opel Failed Deal
28 Dec 2009, 08:41 UTC · By: Bogdan Popa / Sberbank, the Russian state-controlled bank that backed Magna International in its attempt to take control of Opel, is now asking for compensations from General Motors after the US-based manufacture...
VW Cancels Magna Contract For Next Gen Porsches
23 Dec 2009, 10:26 UTC · By: Daniel Patrascu / As you remember, the Opel takeover attempt made by Magna earlier this year made the German carmaker to threaten Magna with the cancellation of some contracts if the deal went through. The deal faile...
Magna to Build Frames for GM Pickups, SUVs
24 Nov 2009, 08:47 UTC · By: Bogdan Popa / Cosma International, one of the divisions belonging to Magna International, will produce frames for General Motors' next generation pickups and SUVs, the company announced in a statement. The f...
US Task Force "Completely" Surprised by GM's Opel Decision
19 Nov 2009, 08:01 UTC · By: Bogdan Popa / General Motors announced a few weeks ago that it will scrap plans to sell Opel to Magna International and will keep the brand, with the restructuring process to be done under its ownership. The anno...
2010 SAE World Congress Theme: Ecollaboration
17 Nov 2009, 08:52 UTC · By: Alina Dumitrache / The SAE World Congress, to be held next year and presented by Ford Motor Company and Magna International will be concentrating on the Ecollaboration theme (Engage, Exchange, Excel), meaning that it ...
Volkswagen - Magna Benefits from Opel Decision
13 Nov 2009, 10:26 UTC · By: Bogdan Popa / GM's decision to scrap the sale of Opel helps the future of the Volkswagen - Magna collaboration as the German carmaker raised concerns that a potential deal could influence its own business. V...
Sberbank Still Considering GM Lawsuit
11 Nov 2009, 08:51 UTC · By: Bogdan Popa / Sberbank, the Russian loser of the huge Opel saga, says the company is still considering a potential lawsuit against the US-based manufacturer General Motors after its decision to scrap the sale pla...