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Magna outlines plan for Opel
Magna outlines plan for GM’s Opel
Posted Friday, May 22, 2009, 1:09 pm in Employee News
Magna International Inc., Canada’s largest auto-parts supplier, said on Friday that under its plan for General Motors’ Opel unit, GM and Russian partners would each hold 35 percent stakes, while Magna would take 20 percent and employees 10 percent, Reuters reported.
Magna co-CEO Siegfried Wolf said the company intended to keep all four German plants, but he would not make any promises for Opel plants in England and Antwerp, where the future was uncertain, the wire service story said. (Reuters/Automotive News)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
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