Magna International Inc.
Aurora, ON L4G7K1 CAN
Cosma International and Shin Young Metal Announce Hyundai Russia Award
Joint venture provides global support for Korean automaker AURORA, ON, Jan. 16 -- Cosma International, an operating unit of Magna International Inc. and a leading global automotive metalforming supplier, and its joint-venture partner Shin Young Metal Ind. Co., a Korea-based automotive supplier, today announced a major new-business award from Hyundai Motor Corporation. Cosma and Shin Young Metal...
Read More »Magna Announces Closing of GETRAG Acquisition
AURORA, Ontario - Magna International Inc. announced today that it has completed its acquisition of the GETRAG Group of Companies ( GETRAG ), one of the world's leading independent suppliers of automotive transmissions. GETRAG's established product line complements Magna Powertrain's expertise in engineering and manufacturing and provides new opportunities for growth. In particular, GETRAG is a...
Read More »Magna Signs Agreement to Acquire Stadco
AURORA, ON –Ã- Magna International Inc. today announced that it has signed an agreement to acquire Stadco Automotive Ltd. (Stadco), an independent Tier 1 Body-In-White supplier based in the United Kingdom. Stadco has industry leading expertise in the automotive industry in the supply of steel and aluminum stampings as well as complex vehicle assemblies to customers such as Jaguar Land...
Read More »Magna Enters Into Agreement to Acquire Getrag
AURORA, Ontario –Ã- Magna International Inc. (TSX: MG, NYSE: MGA) today announced that it has signed an agreement to acquire the Getrag Group of Companies ( Getrag ), one of the world's largest suppliers of automotive transmissions. Getrag has an 80-year history in transmissions and is a technology leader, offering a range of transmission systems which include manual, automated-manual,...
Read More »Magna Seating Continues Expansion in South America with Acquisition of Pabsa
SAO PAULO, Brazil, Jan. 12 - Magna Seating, an operating unit of Magna International which develops and manufactures complete seating solutions and mechanisms, continues its growth in South America with the acquisition of automotive seat supplier Pabsa S.A. The new entity will operate as Magna Seating Argentina. Pabsa, previously part of the L'Equipe Monteur Group, is based in Buenos Aires,...
Read More »Cosma International and Shin Young Metal Announce Hyundai Russia Award
Joint venture provides global support for Korean automaker AURORA, ON, Jan. 16 -- Cosma International, an operating unit of Magna International Inc. and a leading global automotive metalforming supplier, and its joint-venture partner Shin Young Metal Ind. Co., a Korea-based automotive supplier, today announced a major new-business award from Hyundai Motor Corporation. Cosma and Shin Young Metal...
Read More »Magna Announces Outlook
AURORA, Canada, January 16 -- Magna International Inc. (TSX: MG.A)(NYSE: MGA) announced today its financial outlook for 2008. All amounts are in U.S. dollars. For the full year 2008, we expect consolidated sales to be between US$24.9 billion and US$26.2 billion, based on full year 2008 light vehicle production volumes of approximately 14.4 million units in North America and approximately 15.6...
Read More »Magna Announces Completion of Transaction Involving Russian Machines
AURORA, ON, Sept. 20 /-- Magna International Inc. (TSX: MG.A; NYSE: MGA) today announced that the plan of arrangement and agreements relating to the strategic investment in Magna by Open Joint Stock Company Russian Machines became effective today. Frank Stronach, Magna's Chairman commented: We are pleased to have completed this very important transaction with Russian Machines. I believe we are...
Read More »Court Approves Arrangement Involving Russian Machines
AURORA, Ontario, August 31 Magna International Inc. (TSX: MG.A, MG.B; NYSE: MGA) today announced that the plan of arrangement under the Business Corporations Act (Ontario) (the Arrangement ) involving Open Joint Stock Company Russian Machines ( Russian Machines ), the Stronach Trust and the other parties named in the Arrangement, has received final court approval. Magna also announced that The...
Read More »Magna Shareholders Approve Arrangement Involving Russian Machines
AURORA, ON, Aug. 28 / -- Magna International Inc. (TSX: MG.A, MG.B; NYSE: MGA) today announced that its shareholders have approved the previously announced Plan of Arrangement with respect to the proposed strategic investment in Magna by Russian Machines, a wholly-owned subsidiary of Basic Element, including the acquisition of all Class B Shares not held by the Stronach Trust. Among the requisite...
Read More »Magna and Basic Element Announce Strategic Investment
AURORA, Canada and MOSCOW, May 10/ -- Magna International Inc. (TSX: MG.A, MG.B; NYSE: MGA) and Basic Element today announced a major strategic investment in Magna by Russian Machines, a wholly owned subsidiary of Basic Element. This investment will accelerate Magna's strategic efforts to capitalize on the growth opportunities within the Russian and other automotive markets, and align the...
Read More »