Opel bidder Magna International on Friday reported an operating loss of $237m (down $556m) and a net loss of $205m (off $432m) for the second quarter of 2009 after vehicle production declined 49% year on year to 1.8m units in North America and 28% to 3.1m units in Europe.
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Magna International Inc., one of the two bidders negotiating with General Motors Co. to get German subsidiary Opel, today reported a second quarter loss, hurt by steep declines in global auto production.
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Magna International Inc., one of the two bidders negotiating with General Motors Co. to get German subsidiary Opel, on Friday reported a second quarter loss, hurt by steep declines in global auto production.
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Magna International Inc., one of the two bidders vying to buy Opel from General Motors, on Friday reported a second quarter loss, hurt by steep declines in global auto production.
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Magna International Inc., one of the two bidders vying to buy Opel from General Motors, on Friday reported a second quarter loss, hurt by steep declines in global auto production.
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Magna International Inc., one of the two bidders negotiating with General Motors Co. to get German subsidiary Opel, on Friday reported a second quarter loss, hurt by steep declines in global auto production.
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Magna International Inc., one of the two bidders negotiating with General Motors Co. to get German subsidiary Opel, today reported a second quarter loss, hurt by steep declines in global auto production.
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Ford Motor Co. is closely watching Magna International Inc.'s bid for General Motors Co.'s Opel unit but thinks it could continue working with Magna even if the giant supplier also owns a stake in a rival automaker, Ford CFO Lewis Booth said.
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General Motors Co. says it has significant unresolved issues with Opel bidder Magna International including concerns over intellectual property, product development and Magna's plans for Opel in Russia.
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General Motors Co. says it has significant unresolved issues with Opel bidder Magna International including concerns over intellectual property, product development and Magna's plans for Opel in Russia.
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General Motors Co. says it has significant unresolved issues with Opel bidder Magna International including concerns over intellectual property, product development and Magna's plans for Opel in Russia.
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Booming demand in China propelled Audi's sales growth in July, the company said on Thursday. Last month Audi sales in China including Hong Kong jumped nearly 43 percent to 13,399 vehicles, marking another monthly record.
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Booming demand in China propelled Audi's sales growth in July, the company said on Thursday. Last month Audi sales in China including Hong Kong jumped nearly 43 percent to 13,399 vehicles, marking another monthly record.
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Booming demand in China propelled Audi's sales growth in July, the company said on Thursday. Last month Audi sales in China including Hong Kong jumped nearly 43 percent to 13,399 vehicles, marking another monthly record.
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Ford Motor Co. is closely watching Magna International Inc.'s bid for General Motors Co.'
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Ford Motor Co. is closely watching Magna International Inc.'s bid for General Motors Co.'
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Ford Motor Co. is closely watching Magna International Inc.'s bid for General Motors Co.'
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General Motors Co. and Magna International have narrowed their differences in talks over the Canadian-Austrian supplier's bid for Opel and only a small number of issues are still pending, German politicians said on Wednesday.
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FRANKFURT/DETROIT (Reuters) -- General Motors Co. and Magna International have narrowed their differences in talks over the Canadian supplier's bid for Opel and only a small number of issues are still pending, German politicians said on Wednesday.
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