Magna Wins Opel Bid, Wants to Build Cars in Canada

Magna Wins Opel Bid, Wants to Build Cars in Canada
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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...

Magna Emerges as Fiat Rival Over Purchase of Opel

Magna Emerges as Fiat Rival Over Purchase of Opel
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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...
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