Canadian parts supplier Magna International, which is currently bidding for Opel, will build a new seating plant on the former site of the Chrysler Corporation headquarters in Highland Park, Michigan. The site was abandoned after the corporate offices were built in Auburn Hills.
Automotive News reported that the new plant will start production in May 2010, [...]
Canadian auto parts maker Magna, which had provided what some considered the most attractive offer for Chrysler less than two years ago, has now reached an agreement with General Motors to buy GM Europe (Opel and, in England, Vauxhall). The deal must be approved by Germany, which will be providing over $1.4 billion in loans [...]
Magna is shutting down the former New Process Gear plant in Syracuse, New York, which made manual transmissions for numerous Dodge and Plymouth cars. The Canadian auto parts maker, which was a lead bidder for Chrysler Group and reportedly engineered and built the electric Ford Focus prototype, had gotten major concessions from the UAW in [...]
Chrysler would consider licensing production of an existing model and is looking for buyers for tooling for vehicles being discontinued. That’s the word, according to Tom LaSorda, Chrysler vice chairman.
LaSorda was responding to a Reuters report that said the company was negotiating with Renault-Nissan and Magna International for the sale of key assets including the [...]
The hiring of Wolfgang Bernhard by Magna International is already sparking rumors the Canadian mega-supplier may be interested in taking another run at Chrysler.
Magna was one of the unsuccessful suitors for Chrysler when Daimler put it up for sale last summer. Magna has had a long relationship with Chrysler as a contract producer of various [...]
CMW Motorsports has been working on comparing a 6.1 liter Hemi SRT engine (expanded to 7 liters, or the “magical” 426 cubic inches) with forced induction including Rootes, Paxton/Vertex, and Magnacharger systems and a twin turbo option. They will have the supercharged 7 liter Hemi at PRI Orlando, at the Blower Drive Service Booth, with [...]
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