Magna International

Auto parts makers transform into green machines

Linamar joins pack of companies retooling to build the gear that drives wind and solar energy Energy and Technology Columnist Solar engine was made by Ontario’s Linamar and is tested at a research site in New Mexico. The...

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Is Lear, Back From Bankruptcy, a Buy? (at CNBC)

Published: Friday, 20 Nov 2009 | 7:22 PM ET Investors who want to speculate on the economy’s recovery, Cramer said during Friday’s Mad Money, should consider buying Lear. While many auto suppliers took on heavy debt loads to...

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Texan Whitacre makes clear he's in GM's driver's seat

By TIM HIGGINS Detroit Free Press DETROIT — More than four months on the job as General Motors' chairman, Ed Whitacre has sent several clear signals about who is in charge: Ed Whitacre. The board, under Whitacre's direction,...

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General Motors expects a plan for its European operations by mid December

FRANKFURT, Germany - General Motors Co. said it expects to release a full restructuring plan for its Opel and Vauxhall operations in mid December, but did not specify the amount of cuts to capacity and jobs it would seek. GM...

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Magna, GM and Opel: A bad idea, badly executed

Competing head-to-head against its own customers was never going to be a great growth strategy for Magna. is a senior writer with Canadian Business. After all, the Canadian billionaire’s desire to take control of Adam Opel,...

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At the open: Stocks down but fighting

North American stock markets began Friday down, although U.S. indices were close to crossing over into positive territory. In Toronto, the S&P/TSX shed 33.75 points to 11566.55, with oil and gold producers losing ground as the...

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Germany's Hard Line: Politicians Risk Their Leverage Over GM by Confronting It Over Opel (at The...

By VANESSA FUHRMANS Time is running out for German political leaders to provide financial help for General Motors Co.'s European Opel division—or risk the loss of more domestic jobs. Angered by GM's surprise move to abandon...

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Gravy train shows no sign of slowing

Whether it's in retail, oil or mining, Canada's richest keep spinning their ventures into gold Lesley Ciarula Taylor Staff Reporter The late Kenneth Thomson, left, who stepped down as the head of his company to let his son...

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Stronach revives theme park dream

Frank Stronach has been called a visionary and compared with Cuban dictator Fidel Castro. In case bidding to buy a car company, helping steer his auto parts giant through a massive industry crisis and watching his racetrack...

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Judge to hear arguments over Magna profit-sharing deal

A federal bankruptcy judge agreed Wednesday to hear arguments Jan 5. on whether to reject a profit-sharing agreement related to Maryland's two thoroughbred tracks slated to be auctioned early next year. The hearing will be...

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