VIENNA, Nov 26 (Reuters) - Canada's Magna International wants at least 400 million euros ($600 million) in compensation from sports car maker Porsche for cancelling a contract, a newspaper reported on Thursday. Austrian newspaper WirtschaftsBlatt quoted an "involved person" as saying that the compensation was for development work already done by Magna, which was due to assemble Porsche's Boxster and Cayman models from 2012 in its Austrian factory. Porsche, which is in the process of ...
Premium Content (PAID Subscription Required)
"Magna seeks $600 mln as Porsche drops deal -paper" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.