LG and Magna announce billion dollar joint venture in electric car gearThe joint venture, tentatively called LG Magna e-Powertrain and valued at $1 billion, will manufacture e-motors, inverters and onboard char...
23 Dec, 2020, 10.25 AM IST
- GM's Opel move raises anger, new uncertainty
General Motors Co.'s decision to scrap the sale of European subsidiary Opel raised new uncertainty on Wednesday over the unit's future.
05 Nov, 2009, 10.32 AM IST
- GM board to meet, decide fate of Opel
With the board of General Motors Co. expected to decide Tuesday the fate of the German unit Opel, the Opel employee council agreed to cost-...
03 Nov, 2009, 06.50 PM IST
- Magna exec says EU won't block Opel deal
The co-chief executive of Magna International Inc said that he doesn't believe the European Union will block his company's acquisition of a...
15 Sep, 2009, 07.13 PM IST
- 10,500 Opel jobs in Europe could be cut: Magna
As many as 10,500 Opel jobs in Europe could be cut, including nearly half of them in Germany, the co-chief executive of Magna International...
14 Sep, 2009, 09.01 PM IST
- GM board begins two-day meeting
General Motors Co's board begins a two-day meeting in Detroit with labor organizations pressing for a decision on the fate of its European ...
08 Sep, 2009, 10.55 PM IST
- GM board wants control of Opel patents in deal
General Motors may sell its Opel unit but it needs guarantees that Opel's technology won't be used in Russia to compete against Chevrolet. ...
25 Aug, 2009, 03.23 AM IST
- German government discuss Opel's future
German state and federal govt officials were meeting in Berlin to discuss the future of General Motors's unit Opel.
17 Aug, 2009, 02.10 PM IST
RHJ envisions at most 10,000 Opel job cuts: ReportRHJ is competing for a majority stake in Germany-based Opel with a consortium of Canadian auto parts maker.
17 Jul, 2009, 01.17 PM IST
- Opel aid may need renegotiating
The German government made clear Wednesday that its financial support for a takeover of General Motors Corp.'s Opel unit will have to be re...
15 Jul, 2009, 07.55 PM IST
- Opel gets first euro300 mn of bridge loan
Auto maker Opel on Tuesday received the first installment of a bridge loan that was a key part of a deal to shield it from parent General M...
02 Jun, 2009, 05.37 PM IST
- German decision on Opel this week
Chancellor Angela Merkel’s government aims to make a decision on a preferred bidder for General Motors Corp’s Opel unit in Germany by the m...
26 May, 2009, 12.00 AM IST
- Magna's bid for Opel preferred
Magna International Inc’s offer for General Motors Corp’s Opel unit is preferred by German regional governments over a bid from Fiat SpA, a...
21 May, 2009, 12.00 AM IST
- Chrysler: No plans to sell brands or plants
Chrysler LLC Vice Chairman Tom LaSorda says the automaker is not in talks to sell brands or plants that make current models.
14 Jan, 2009, 09.33 PM IST
- Auto parts maker Formet cuts 120 jobs in Ontario
Magna International Inc.'s auto parts maker Formet is cutting 120 jobs at its St. Thomas, Ontario, plant.
10 Jan, 2009, 10.58 PM IST
- Magna cuts 400 jobs in Ontario plant
Magna International Inc will cut 400 jobs at a plant in St Thomas, Ontario, due to a downturn in demand for pickup trucks.
19 Jun, 2008, 01.43 AM IST
- Developing nations overtake North America in auto production
Auto-assembly capacity in the developing economies, including India and China, will exceed North America's auto production for the first ti...
29 Mar, 2008, 09.04 AM IST