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Latest Magna International Stories

2010-04-05 11:44:00

AURORA, ON, April 5 /PRNewswire-FirstCall/ - Magna Seating, an operating group of Magna International, and Hollingsworth Logistics, a leading provider of industrial supply chain management, announced they have formed a joint venture to supply Volkswagen Group of America (VWGoA) with complete seat systems for the mid-size sedan to be built at Volkswagen's new Chattanooga, Tennessee, assembly facility. "This partnership is a great sign of things to come for everyone involved," said Frank...

2010-04-01 04:00:00

AURORA, ON, April 1 /PRNewswire-FirstCall/ - Magna International Inc. (TSX: MG.A; NYSE: MGA) today announced that its 2009 Annual Report, including Management's Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company's website, www.magna.com. Magna has also filed these documents with the Canadian Securities Administrators (accessible through their website at www.sedar.com) and the U.S. Securities and...

2010-02-17 13:24:00

TORONTO, Feb. 17 /PRNewswire-FirstCall/ - Magna International Inc. (TSX: MG.A; NYSE: MGA) will release its financial results for the fourth quarter and year ended December 31, 2009 on Thursday, February 25, 2010. Magna will hold its quarterly conference call on Thursday, February 25, 2010 at 7:30 a.m. EST. The previous notice of conference call, issued earlier this morning, indicated 8:30 a.m. EST as the start time. However, due to a conflict with another scheduled conference call, the time...

2010-02-17 09:10:00

TORONTO, Feb. 17 /PRNewswire-FirstCall/ - Magna International Inc. (TSX: MG.A; NYSE: MGA) will release its financial results for the fourth quarter and year ended December 31, 2009 on Thursday, February 25, 2010. Magna will hold its quarterly conference call on Thursday, February 25, 2010 at 8:30 a.m. EST. The number to use for this call is 1-800-954-0687. Overseas callers should use1-212-231-2905. Please call in at least 10 minutes prior to start time. The conference call will be webcast at...

2010-02-08 08:00:00

DALLAS, Feb. 8, 2010 /PRNewswire/ -- Raytheon Professional Services LLC, EMEA, a subsidiary of Raytheon Company (NYSE: RTN), and Opel/Vauxhall, won a Silver Award from Brandon Hall Research in the Best Results of a Learning Program category. The award honors RPS for the European sales curriculum it designed, developed, deployed and manages on behalf of Opel/Vauxhall in Europe. The Brandon Hall Research Excellence in Learning Awards recognize the best in innovative learning content and...

2010-01-07 15:45:00

AURORA, ON, Jan. 7 /PRNewswire-FirstCall/ - 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. The company's exhibit will be located in Michigan Hall from January 11-15 as part of the EcoXperience ride & drive track and alternative energy showcase. The exhibit, which will highlight green-car technologies from across Magna's operating units, will...

2009-11-23 10:19:00

AURORA, ON, Nov. 23 /PRNewswire-FirstCall/ - Cosma International, an operating unit of Magna International Inc. and a leading global automotive body and chassis systems supplier, announced today that it will supply the frame assembly for General Motors' next generation of full-size light-duty pickups and SUVs. This is the third generation of frames Cosma has been awarded on this platform by GM. Cosma will produce the new frames from its state-of-the-art manufacturing facilities located in St....

2009-11-06 13:57:00

ALEXANDRIA, Va., Nov. 6 /PRNewswire-USNewswire/ -- Hot on the heels of news that General Motors would not seek to sell off German automaker Opel and would instead seek taxpayer subsidies from European countries or use U.S. bailout funds to help prop up the firm, the 362,000-member National Taxpayers Union (NTU) today urged governments abroad to reject GM's pleas. NTU Vice President for Policy and Communications Pete Sepp offered the following statement regarding GM's decision: "This week...

2009-11-03 17:37:00

AURORA, ON, Nov. 3 /PRNewswire-FirstCall/ - 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. Siegfried Wolf, Magna's Co-Chief Executive Officer stated: "We understand that the Board concluded that it was in GM's best interests to retain Opel, which plays an important role within GM's global organization. We will continue to support Opel and GM in...

2009-11-03 16:48:00

DETROIT, Nov. 3 /PRNewswire/ -- New GM supports restructuring of Opel GM restructuring plan involves lower investment compared to investor proposals Discussions with stakeholders on restructuring to begin in earnest Given an improving business environment for GM over the past few months, and the importance of Opel/Vauxhall to GM's global strategy, the GM Board of Directors has decided to retain Opel and will initiate a restructuring of its European operations in earnest. "GM will...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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