http://www.advfn.com/nyse/rss.asp?symbol=MGA Magna Company Newsfeed en Thu, 29 Nov 2012 11:23:48 EST Thu, 29 Nov 2012 11:23:48 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=55241842&headline=magna-wins-eu-approval-to-acquire-german-car-supplier-ixetic http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=55241842&headline=magna-wins-eu-approval-to-acquire-german-car-supplier-ixetic <div class='newsbody'><p> BRUSSELS--Canadian car supplier Magna International Inc. secured EU approval Thursday to buy its German rival, ixetic Verwaltungs GmbH. </p> <p> The European Commission said the transaction would not raise anti-trust concerns as the merged entity would continue to face strong... Thu, 29 Nov 2012 11:23:48 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=55159880&headline=magna-avtotor-sign-deal-to-develop-russia-manufacturing-cluster http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=55159880&headline=magna-avtotor-sign-deal-to-develop-russia-manufacturing-cluster <div class='newsbody'><p> By James Marson </p> <p> MOSCOW--Auto-parts giant Magna International Inc. (MGA) is the latest company to tap into the growing auto market in Russia after signing an agreement with Russian carmaker Avtotor Holding Ltd. to develop an automobile manufacturing cluster in the Kaliningrad... Fri, 23 Nov 2012 08:14:11 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=54416363&headline=gm-vice-chairman-confirms-that-opel-unit-isnt-for-sale http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=54416363&headline=gm-vice-chairman-confirms-that-opel-unit-isnt-for-sale <div class='newsbody'><p> By Christoph Rauwald </p> <p> FRANKFURT--General Motors Co. (GM) reiterated Friday that the U.S. auto maker's European Opel brand isn't for sale, dismissing an Italian newspaper report published earlier Friday suggesting that talks over a sale to rival Fiat SpA (F.MI) could... Fri, 05 Oct 2012 07:13:36 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=54357083&headline=magna-to-acquire-ixetic-verwaltungs-for-eur308-million http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=54357083&headline=magna-to-acquire-ixetic-verwaltungs-for-eur308-million <div class='newsbody'><pre> By Saabira Chaudhuri </pre> <p> Magna International Inc. (MGA, MG.T) has agreed to acquire ixetic Verwaltungs GmbH, a manufacturer of automotive vacuum, engine and transmission pumps, for about 308 million euros ($397 million), as the automotive supplier looks to expand its... Mon, 01 Oct 2012 07:06:50 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=50464646&headline=magna-steyr-to-develop-nissan-infiniti-entry-model-based-on-mercedes-report http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=50464646&headline=magna-steyr-to-develop-nissan-infiniti-entry-model-based-on-mercedes-report <div class='newsbody'><p> FRANKFURT -(Dow Jones)- Austrian-Canadian auto supplier Magna Steyr will develop the entry model of Nissan Motor Co. Ltd.'s (7201.TO) Infiniti premium brand based on Daimler AG's (DAI.XE) Mercedes A Class, weekly newspaper Automotive News Europe reports Sunday. </p> <p> Citing... Sun, 18 Dec 2011 10:04:22 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=49797391&headline=magna-3q-profit-slumps-62-on-charges-below-expectations http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=49797391&headline=magna-3q-profit-slumps-62-on-charges-below-expectations <div class='newsbody'><p> By Judy Mckinnon </p> <p> Of DOW JONES NEWSWIRES </p> <p> Magna International Inc.'s (MGA, MG.T) third-quarter earnings slumped 62% and fell short of analyst expectations, hurt by expenses related to the sale of an automobile interiors operation and costs related to the settlement... Thu, 03 Nov 2011 12:25:50 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=48005257&headline=opel-ceo-says-reports-of-sale-are-pure-speculation http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=48005257&headline=opel-ceo-says-reports-of-sale-are-pure-speculation <div class='newsbody'><pre> By Nico Schmidt and Christoph Rauwald Of DOW JONES NEWSWIRES </pre> <p> FRANKFURT -(Dow Jones)- The Chief Executive of General Motors Co.'s (GM) German unit Adam Opel AG Thursday told the company's employees that renewed speculation about a possible sale was "pure speculation... Thu, 09 Jun 2011 06:38:06 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=46580183&headline=belgians-rhj-sells-niles-co-to-valeo-for-eur138-million http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=46580183&headline=belgians-rhj-sells-niles-co-to-valeo-for-eur138-million <div class='newsbody'><p> BRUSSELS -(Dow Jones)- Belgian holding company RHJ International SA (RHJI) said Wednesday it had agreed to sell its majority ownership in Japan's Niles Co. Ltd. to French automative firm Valeo SA (FR.FR) for EUR138 million. </p> <p> RHJ International Chief Executive Officer... Wed, 23 Feb 2011 03:38:31 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=46121776&headline=gm-hired-alix-partners-to-speed-up-european-turnaround-source http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=46121776&headline=gm-hired-alix-partners-to-speed-up-european-turnaround-source <div class='newsbody'><pre> By Nico Schmidt Of DOW JONES NEWSWIRES </pre> <p> FRANKFURT -(Dow Jones)- General Motors Co. (GM) hired consulting firm Alix Partners to speed up the turnaround of its troubled European Opel and Vauxhall brands, a person familiar with the situation told Dow Jones Newswires... Fri, 21 Jan 2011 11:51:14 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=45957128&headline=gm-europe-president-market-wont-return-to-pre-crisis-level http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=45957128&headline=gm-europe-president-market-wont-return-to-pre-crisis-level <div class='newsbody'><pre> By Christoph Rauwald Of DOW JONES NEWSWIRES </pre> <p> DETROIT -(Dow Jones)- General Motors Co.'s (GM) European division could reach break-even in 2011, excluding restructuring costs, if the sales improvement seen towards the end of last year continues, but demand for new... Mon, 10 Jan 2011 17:06:34 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=45860534&headline=pininfarina-still-gathering-offers-from-potential-bidders http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=45860534&headline=pininfarina-still-gathering-offers-from-potential-bidders <div class='newsbody'><p> MILAN -(Dow Jones)- Italian car design company Pininfarina SpA (PINF.MI) said in a statement Tuesday it is still collecting expressions of interest from potential bidders and acquisition talks with parties remain at a preliminary stage. </p> <p> "The company will make sure to... Tue, 04 Jan 2011 06:04:20 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=45519055&headline=continental-ag-nominates-siegfried-wolf-to-supervisory-board http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=45519055&headline=continental-ag-nominates-siegfried-wolf-to-supervisory-board <div class='newsbody'><p> FRANKFURT -(Dow Jones)- German automotive parts supplier Continental AG (CON.XE) said Saturday it has nominated Siegfried Wolf as a member of the supervisory board. </p> <p> MAIN FACTS: </p> <p> -Wolf, 53 years old, will succeed Rolf Koerfer, who resigned on Nov. 29, 2010 with... Sun, 05 Dec 2010 09:19:12 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=45283727&headline=pininfarina-says-still-gathering-expressions-of-interest http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=45283727&headline=pininfarina-says-still-gathering-expressions-of-interest <div class='newsbody'><p> MILAN -(Dow Jones)- Italy's Pininfarina SpA (PINF.MI) Wednesday declined to comment on a report discussing Magna International Inc.'s (MG.T) interest in acquiring it, saying it was still gathering expressions of interest from potential buyers. </p> <p> "The company will make... Wed, 17 Nov 2010 11:27:16 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=45277697&headline=pininfarina-shares-soar-on-possible-merger-report http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=45277697&headline=pininfarina-shares-soar-on-possible-merger-report <div class='newsbody'><p> MILAN -(Dow Jones)- Shares in Italian industrial designer Pininfarina SpA (PINF.MI) soared more than 12% Wednesday on a news report that it could be acquired by Canadian-Austrian auto parts maker Magna International Inc (MG.T, MGA). </p> <p> At 1153 GMT, the thinly traded shares... Wed, 17 Nov 2010 07:42:15 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=44412281&headline=eu-clears-magna-semikron-to-form-electric-car-parts-jv http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=44412281&headline=eu-clears-magna-semikron-to-form-electric-car-parts-jv <div class='newsbody'><p> BRUSSELS -(Dow Jones)- The European Commission Friday cleared Canadian auto parts firm Magna International Inc. (MGA) and German electronics firm Semikron Elektronik GmbH &amp; Co. to form a joint venture making power supply parts for electric and hybrid cars. </p> <p> The joint... Fri, 17 Sep 2010 06:33:37 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=44379766&headline=ex-magna-co-ceo-wolf-elected-russian-machines-chairman http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=44379766&headline=ex-magna-co-ceo-wolf-elected-russian-machines-chairman <div class='newsbody'><p> MOSCOW -(Dow Jones)- Former Magna International Inc. (MGA) co-chief executive Siegfried Wolf has been voted chairman of Russian Machines, a part of Basic Element holding, owned by billionaire Oleg Deripaska, the holding said Wednesday. </p> <p> Wolf left Magna Monday to join... Wed, 15 Sep 2010 09:57:18 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=44348155&headline=magna-loses-co-ceo-but-gains-a-friend-in-russia http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=44348155&headline=magna-loses-co-ceo-but-gains-a-friend-in-russia <div class='newsbody'><pre> By Andy Georgiades Of DOW JONES NEWSWIRES </pre> <p> TORONTO -(Dow Jones)- Magna International Inc. (MGA) is expected to continue having a European ally in outbound co-chief executive Siegfried Wolf. </p> <p> Earlier Monday, the Canadian auto-parts giant announced the resignation... Mon, 13 Sep 2010 13:52:11 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=43894201&headline=webasto-to-buy-karmann-us-mexico-convertible-roof-business http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=43894201&headline=webasto-to-buy-karmann-us-mexico-convertible-roof-business <div class='newsbody'><pre> By Jeff Bennett OF DOW JONES NEWSWIRES </pre> <p> DETROIT -(Dow Jones)- Webasto AG, a German-based supplier of automotive roofs, has reached an agreement to acquire Wilhelm Karmann GMbH's convertible roof business in the U.S. and Mexico. </p> <p> The privately held Webasto... Thu, 05 Aug 2010 08:58:12 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=43767307&headline=gm-gaz-could-team-up-on-car-production-in-russia-vedomosti http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=43767307&headline=gm-gaz-could-team-up-on-car-production-in-russia-vedomosti <div class='newsbody'><p> DOW JONES NEWSWIRES </p> <p> General Motors Co. may be reviving plans to build cars in Russia as a partner of that country's No. 2 auto maker, GAZ (GAZA.RS), business daily Vedomosti reports Wednesday. </p> <p> GAZ is negotiating with several foreign manufacturers, but it's... Tue, 27 Jul 2010 21:40:36 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=43364650&headline=ontario-regulator-magna-must-amend-circular-before-holding-shareholder http://www.advfn.com/nyse/StockNews.asp?stocknews=MGA&article=43364650&headline=ontario-regulator-magna-must-amend-circular-before-holding-shareholder <div class='newsbody'><p> By Andy Georgiades </p> <p> Of DOW JONES NEWSWIRES </p> <p> TORONTO -(Dow Jones)- Canada's top securities regulator has ruled that Magna International Inc.'s (MGA) proposal to eliminate its dual-class share isn't abusive, but said its circular must be amended to add more information... Fri, 25 Jun 2010 00:35:23 EDT