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EU Clears Magna, Semikron To Form Electric Car Parts JV

BRUSSELS -(Dow Jones)- The European Commission Friday cleared Canadian auto parts firm Magna International Inc. (MGA) and German electronics firm Semikron Elektronik GmbH & Co. to form a joint venture making power supply parts for electric and hybrid cars. The joint venture will be called Vepoint. -By Matthew Dalton, Dow Jones Newswires; +32 (0)2 741 1 487;

Stock News for Magna (MGA)
02/25/201518:50:23Magna Keeps The Door Open On New Plant

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