Magna International News

The reasoning behind the move was reportedly due to the fact that Countryman production couldn't begin at Magna International's Austrian assembly plant until assembly of the BMW X3 was moved from the Magna plant to Bimmer's facility in South Carolina.

Magna International Inc. reported a $51 million profit for the third quarter, after writing off part of the value of the of the New Process Gear plant in DeWitt.

Saving Opel could cost GM $8.5-billion A worker sweeps the street next to destroyed logo of German car manufacturer Opel at a former car dealer in Berlin.

Shares of the following companies may have unusual moves in Canadian trading tomorrow.

Magna International's stock price shot up more than 14 per cent Friday in its biggest one-day jump in 18 years after posting a surprise quarterly profit.

CEO Fritz Henderson started talks in Germany on Monday aimed at soothing workers' anger over the carmaker's plan to reorganize European arm Opel on its own.

Amidst the festivities last weekend over the fall of the Berlin Wall , there were a few sour notes.

The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE: American International Group Inc., down $3.80 at $35.48 The insurance company had a profitable quarter as the value of its investments rose, but the CEO warned that future results will be choppy.

Germany and Russia reacted with anger and Opel workers readied walkouts after General Motors Co.

General Motors Co. hopes to salvage a key element of the collapsed plan to sell its Adam Opel GmbH carmaker -- a three-way production deal in Russia.

InnerWorkings, Inc , a provider of managed print and promotional procurement solutions said third quarter revenues fell 19.5% to $98.2 million from $122.0 million a year ago.

Opel's top German labor leader said on Sunday he was willing to hold negotiations over a restructuring of the European carmaker under its parent General Motors so long as it gains greater independence.

GM is playing down the spectacular volte-face over the sale of its European business this week as a simple matter of industrial logic.

Magna International Inc., thwarted this week in its bid to take over General Motors Co.'s Opel unit, won't seek to buy another car company, co-CEO Don Walker says.

Gold stocks helped keep the Toronto stock market ahead Friday afternoon despite employment reports for October that came in much worse than expected.

German Opel employees demonstrate outside the company's headquarters in Ruesselsheim.

There were a lot of changes at General Motors over the summer, but it's beginning to look like the most important one for failed-Opel-bidder Magna International was the election of takeover heavyweight David Bonderman to the auto giant's board of directors.

Canadian stocks rose for a fourth day, led by gold producers, as bullion prices rallied to a record and Magna International Inc.

Shares of Magna International Inc. soared Friday after the Canadian auto supplier said it posted a $51 million third-quarter profit, blowing away Wall Street predictions.

Decoma International is investing $17.5 million in the expansion of its manufacturing facilities and operations in Toledo, which will result in 124 new jobs during the next year, according to company officials.