Magna seeks $600 mln as Porsche drops deal -paper

Newswire

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 ...

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