Magna And Government Of Ontario Team Up On New EV Project

The project is said to cost $441-million and will take about six-years to develop. The Ontario government will contribute $50-million towards this green project.

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China's BAIC in Bid to Buy Pininfarina

It has styled some of the most memorable cars in history, including scores of Ferraris, but more recently the famed design house Pininfarina, has fallen on hard times. It’s been up for sale for several months, though now, might have a potential buyer, in the shape of Bejing Automotive Industry Corp (BAIC).

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Report: Chevy Camaro Convertible Contract Goes to Magna With Production of 20,000 Units Annually

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.

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Report: Top Chevy Volt Engineer Leaving GM for Opel

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.

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Report: GM Puts Opel Sale to Magna On Hold

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.

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Report: General Motors Considering Keeping European Opel Unit

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.

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Magna Bid to Buy Opel May Fall Through as GM Poised to Sign Agreement With Rival Bidder

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.

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Magna Deal Prohibits Sale of Opels In The U.S., But Not In Canada

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.

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Magna Wins Opel Bid, Wants to Build Cars in Canada

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.

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Ford Transforming Michigan Trunk Plant Into Compact Car/Electric Vehicle Plant

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 declines. The Truck Plant was the location where behemoths such as the Ford Expedition and Lincoln Navigator were manufactured.

The all new Focus will begin production next year with an electric version of the compact car due out in 2011. This zero-emissions Focus is being built in partnership with Magna International and will be powered by an electric motor mated to a Lithium-Ion battery pack and can be charged though a conventional household outlet.

Ford has made a commitment to bring three more EVs to market by 2012.

“The transformation of Michigan Assembly Plant embodies the larger transformation under way at Ford,” said Ford President and CEO Alan Mulally. “This is about investing in modern, efficient and flexible American manufacturing. It is about fuel economy and the electrification of vehicles. It is about leveraging our expertise and vehicle platforms around the world and partnering with the UAW to deliver best-in-class global small cars. It is about skilled and motivated teams working together in new ways to create the future of automobile manufacturing in the United States.”

Along with the Michigan plant, Ford will transform its Louisville, KY plant to also produce the new Focus, as well as modify the company’s Cuautitlan Assembly in Mexico, where the new Fiesta is to be produced.

“We’re changing from a company focused mainly on trucks and SUVs to a company with a balanced product lineup that includes even more high-quality, fuel-efficient small cars, hybrids and all-electric vehicles,” said Mark Fields, Ford’s president of The Americas. “As customers move to more fuel-efficient vehicles, we’ll be there with more of the products they really want.”

Official release after the jump:

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Magna Emerges as Fiat Rival Over Purchase of Opel

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.

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Ford to Bring Electric and Plug-In Hybrids to Market in 2011

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 to market in 2011.

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