Magna to take auto parts subsidiaries Intier, Decoma and Tesma ...
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TORONTO (CP) - Magna International Inc. has made a $1.3-billion bid to take its three publicly traded auto parts subsidiaries private in a move the company says will help it win business from Japanese and South Korean carmakers.
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BusinessWeek Online - Outsiders haven't been allowed a glimpse yet. But rivals are already feeling uneasy. Deep in the Czech Republic, in a town called Kolin, Europe's newest auto plant is being put through its final paces before a March debut. The ultra-low-cost manufacturing joint venture between Toyota Motor Corp.  and PSA Peugeot Citroen (peugy.pk.PK) -- combining Japanese production expertise with French parts-purchasing might in Europe -- is sure to up the ante for volume auto makers, who already have to worry about surviving on razor-thin margins. ...
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Canadian auto parts supplier Magna International Inc.  has been "seriously considering the potential purchase" of Chrysler Group, an analyst for KeyBanc Capital Markets said, citing unnamed sources.
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Mitsubishi Corp., Japan&#39;s biggest trading company, said it will buy a stake in Isuzu Motors Ltd., joining General Motors Corp.
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Holders of about 8 million shares in Magna International  class A stock, or about 8 percent of the total outstanding, have confirmed they voted against a plan to sell 20 percent of the auto-parts maker to a Russian billionaire, the Globe and Mail newspaper said.
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The Ford Motor Company said Monday that will sell the climate-control business of its Automotive Components Holdings unit to a French car parts maker, Valeo.
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NEW YORK/DETROIT  - General Motors Corp. is in preliminary talks to buy Chrysler, a source familiar with the situation said on Friday.
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Automotive parts and tire maker  Continental AG  believes the impact of the possible  merger between car firms General Motors , Renault   and Nissan (7201.T) would be mixed, a board member  told newspaper Euro am Sonntag.
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As the chairman of the auto parts maker Magna International, Frank Stronachâs management style has both enriched and alienated shareholders.
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NEW YORK/DETROIT  - General Motors Corp. is in preliminary talks to buy Chrysler, the struggling U.S. arm of DaimlerChrysler AG, a source familiar with the situation said on Friday.
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MUNCIE, Ind. Auto parts supplier Magna International says it will build a 73 (m) million dollar factory in Indiana to produce powertrain components for General Motors.
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Magna International Inc., Canada&#39;s largest auto parts supplier, offered to buy the shares that it doesn&#39;t own in three units for as much as C$1.
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NEW YORK (CBS.MW) -- Shares in auto-parts suppliers got a boost Friday from a billion-dollar deal in which two private-equity firms are carving off the parts business of Cooper Tire &amp; Rubber Co.
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Carmakers DaimlerChrysler and General Motors are to co-operate on developing a new type of transmission-based system to compete with Toyota and Honda in the growing hybrid market.
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Canada's Magna International MGa.TO,  the world's seventh-largest auto-parts supplier, named Mark  Hogan as its president on Friday and said he will be based in  Detroit.
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US car parts firm Delphi reaches a final settlement with its former parent company, General Motors.
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General Motors Corp.&#39;s   priorities for this year include concluding a deal to  allow its former parts subsidiary Delphi Corp  to  emerge from bankruptcy and cutting its own health care costs,  the automaker&#39;s chief executive said on Tuesday.