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Infiniti and Magna Sign Complete Vehicle Assembly Agreement
Thursday, May 10, 2012
Infiniti, the luxury vehicle brand of the Nissan Motor Co., Ltd. has signed a memorandum of understanding with Magna Steyr, an operating unit of Magna International, for the assembly of a future luxury entry level Infiniti compact vehicle. Production of the vehicle is due to start in 2014. This tentative agreement follows an engineering assignment which Magna Steyr is already intensively working on.
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Chevrolet Equinox EV begins real-world testing
Tuesday, November 22, 2011
General Motors and Magna E-Car Systems, a subsidiary of Canadian-based Magna International, announced a demonstration fleet of nine Chevrolet Equinox Electric Vehicles (EV).
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Magna International, Canada's Tesla Motors?
Wednesday, August 31, 2011
The Government of Ontario and Magna International will join forces and invest 432 million R&D dollars in electric vehicle parts and components, at a time when the province is making every effort to position itself as a global leader in the field.
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Detroit Autoshow 2010 : Magna launches E-Car Systems
Tuesday, January 12, 2010
Magna International announced today it will join the ranks of companies displaying at the 2010 North American International Auto Show, a first for the world's most diverse automotive supplier.
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Opel sale process terminated
Wednesday, November 04, 2009
Magna International Inc. (TSX: MG.A, NYSE: MGA) today announced that it has been advised by General Motors ("GM") that the GM Board of Directors has decided to terminate the sale process for Opel.
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Inside-out: The New McLaren MP4-12C
Saturday, October 03, 2009
McLaren Automotive has launched a new website to act as an engaging and informative online showroom for the new MP4-12C. Future customers and McLaren car enthusiasts can view the 12C in detail through an animated 'explosion' of the car's technical features at www.mclarenautomotive.com
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Opel Selected Magna And Sberbank Offers
Friday, September 11, 2009
AURORA, ON, and MOSCOW, Russia, - Magna International Inc. and Savings Bank of the Russian Federation today announced that their joint offer to acquire a 55% interest in Adam Opel GmbH ("Opel") has been selected by both General Motors Company ("GM") and the Opel Trust as the preferred solution to address the future of Opel. Under the offer, the acquired 55% interest in Opel would be owned 50:50 by a Magna/Sberbank consortium ("Consortium") with GM retaining a 35% interest and Opel employees acquiring 10% as part of a new labour framework. The offer contemplates a total equity investment by the Consortium of Euro 500 million over time.
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Which Car Do You Think Was The Most Stolen In 2008?
Sunday, August 30, 2009
DES PLAINES, Ill., -- Hot Wheels 2009, the National Insurance Crime Bureau's (NICB) companion study to its popular Hot Spots auto theft report, examines data reported to the National Crime Information Center (NCIC) and determines the vehicle make, model, and model year most reported stolen in 2008.
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Magna and Sberbank announce revised offer for Opel
Tuesday, July 21, 2009
AURORA, ON, Canada and MOSCOW, Russia, July 21 /CNW/ - Magna International Inc. ("Magna") (TSX: MG.A, NYSE: MGA) and Savings Bank of the Russian Federation ("Sberbank") (RTS: SBER, MISEX: SBER03) today announced that Magna and Sberbank have jointly submitted a revised offer to acquire a 55% interest in Adam Opel GmbH ("Opel") as part of a proposed solution that is
intended to assure the long-term viability of Opel.
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Magna announces continuing involvement in proposed Opel solution
Monday, June 01, 2009
Aurora, ON - Magna International Inc. announced today that, following extensive negotiations over the past several days with various stakeholders, including representatives of German federal and state governments, GM Europe, General Motors Corporation and the US Treasury, it has reached a conceptual framework that should allow Opel to avoid a possible insolvency filing and pursue the restructuring required for its immediate and long-term viability.
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1994-2001 Dodge Ram Half Ton Pre-Owned
Saturday, August 18, 2007
Dodge: the car and truck maker for manly men. They're a company that doesn't care about what anyone else thinks or does- and they like it that way. Not everyone shares their philosophy, mind you, but their customers generally do. This appreciation for being a bit different is important to keep in the back of your mind as you read on about the previous-generation Dodge Ram.
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Magna International still wants DaimlerChrysler
Saturday, May 12, 2007
Magna is bidding on the up-for-grabs Chrysler Group, confirms Chairman Frank Stronach. He states that he has lined-up all the necessary financing and even has a cash reserve of $2 billion.
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News & Events Multimedia
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Gone is the dash-mounted flower vase in the latest version of Volkswagen's Bug. Gone too is much of its cutesiness, replaced by a notable degree of sportiness intended to broaden the Beetle's target market by attracting male attention.
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Auto123.com LIVE!
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[Auto123] RT @lebeaucarnews: Who's buying cars right now? Loans to those w/ supbprimecredit scores (under 680) jumped 11.4% in Q1.
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