RECENT NEWS
Financial Times  10 hrs ago  Comment 
General Motors surprised everyone by saying it will not after all sell Opel and Vauxhall, its main European operations. Although many obstacles remain, GM’s decision is good for Europe’s car industry
New York Times  Nov 3  Comment 
The board decided that it would keep its European subsidiary, rather than sell a 55 percent stake in it to the Canadian car parts maker Magna International and Sberbank of Russia.
MarketWatch  Nov 3  Comment 
Dana Holding Corp. reported a third-quarter net loss of $46 million, or 45 cents a share, narrower than the company's loss of $264 million, or $2.66 a share, seen in the same period during 2008. Both quarterly losses included dividend payments on...
Reuters  Nov 1  Comment 
Canadian auto parts maker Magna wants Herbert Demel, the head of its Austrian car development and assembly plant, to become head of Opel, a German magazine said, citing sources.
StreetInsider.com  Oct 29  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/U.S.+Auto+Parts+%28PRTS%29+Tops+Q3+EPS+Estimates+by+3c/5056352.html for the full story.
The Globe and Mail  Oct 29  Comment 
In reaction to the auto meltdown, Canadian firms are looking at aerospace. mining, alternative energy producers and even lawn mowers
Business Times - Malaysia  Oct 28  Comment 
MALAYSIA will ban the import of car components from June 2011 as part of its new automotive policy, Minister of International Trade and Industry Mustapa Mohamed said in Kuala Lumpur today. Malaysia will also scrap auto import permits by December...
The Economic Times  Oct 16  Comment 
India's auto parts firms may report mixed earnings in July-Sept as persisting export weakness partly offset a domestic market recovery, analysts said.
CBC.ca  Oct 14  Comment 
Canadian auto parts maker Magna International Inc. met with Spanish union officials Wednesday to discuss job cuts at an Opel plant targeted to be cut.
Financial Times  Oct 13  Comment 
Bankers expect more investment-grade deals and have warned that the pricing, with the lower yields they offer, could test investor demand.
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