Our neighbors in the North want to see green in their future. No, not just money, but also green energy. Hence the Government of Ontario (Canada) has teamed up with one of the worlds largest automotive parts manufacturer Magna International Inc. to develop electric vehicle technologies. The project is said to cost $441-million and will… Continue Reading...
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BAIC currently owns the tooling, intellectual property and powertrain technology from the current Saab 9-3, which it purchased from General Motors and is already working on several new cars based on this platform, a new Pininfarina styled 9-3 could be one of them. Continue Reading...
If you’re a fan of the all-new Camaro, likely you’ve heard about the upcoming convertible version and seen the concept. In all those photos you haven’t seen the convertible top… and for good reason. It didn’t really exist. According to a report by Automotive News, GM has awarded Magna the contract to build the Camaro… Continue Reading...
Frank Weber, the engineer that is currently running Chevy’s Volt project is parting ways with General Motors. Weber, will be returning to his homeland of Germany, where he will take up a senior management roll at Opel. GM is currently in the process of selling Opel to Canada’s Magna International and Opel is set to… Continue Reading...
The sale of GM’s European Opel division to Russian-backed Canadian autoparts maker Magna has been put on hold. The on-again, off-again saga is off-again as GM board is set to meet on November 3rd to review changes to the agreement. The changes, include a request by the German Economy Minister to GM, asking the company… Continue Reading...
After announcing earlier this week that it has not reached a deal to sell Opel, General Motors is now apparently exploring options to keep the European unit. This news comes as a surprise considering selling off Opel is a part of the company’s viability plan as submitted to the U.S. government in order to receive… Continue Reading...
After continued rumors that General Motors was still shopping-around its European Opel operations, it appears as though a new buyer has been found. RHJ International, a Belgian company has been cited as the latest bidder and apparently a tentative deal could be signed by the end of the week. Initially Opel was slated to be… Continue Reading...
Magna International will not be selling Opel cars in the United States or China, says company CEO Frank Stronach. The head of the Canadian auto parts supplier said that this was part of the deal he worked out with GM when purchasing its European Opel brand. Interestingly, however, there is no indication that the agreement… Continue Reading...
By solidifying a deal to take control of GM’s European operations, Canada’s Magna International Inc. is eager to start producing Opel cars in Canada. “We want to build Opel cars in Canada,” said company founder and CEO Frank Stronach. “Canada should have its own Canadian company … a truly Canadian automobile industry.” The third largest… Continue Reading...
Ford will spend $550 million to transform it’s Michigan truck plant into a facility that bill be used to built the new Ford Focus, including an electric version of that vehicle. By transforming the Michigan Trunk Plant into a compact car facility as many as 3,200 jobs will be saved as demand for large SUVs… Continue Reading...
Only yesterday it seemed as though Italian car maker Fiat was likely to purchase GM’s European Opel brand, but now a new player has emerged. Magna International, the Austrian-Canadian parts supplier to OEMs like Chrysler, Ford and Mercedes has “announced” plans to purchase a controlling share in Opel. The news didn’t come from Magna, however,… Continue Reading...
While General Motors has been stealing all the publicity in the plug-in hybrid segment and Chrysler keeps rolling out an endless lineup of electric concept cars, Ford has been quietly working behind the scenes to develop both technologies. And according to a report in the Detroit News, Ford will bring both of these new technologies… Continue Reading...