Parts-making giant Magna International Inc. saw a loss in the year’s first quarter due to the global auto industry’s severe downturn, officials say today, while refusing to elaborate on the company’s interest in a minority stake in Adam Opel GmbH, General Motors Corp.’s struggling German unit. “As everyone knows, something is going to happen to Opel, or that portion of GM Europe,” says Don Walker, co-CEO at Magna, an Aurora, ON, Canada-based company. “There are a lot of parties interested ...

Premium Content (PAID Subscription Required)

"Magna Mum on Opel Play; Reports $200 Million Q1 Loss" 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:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  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!

For pricing and subscription information please contact
Amber McLincha by email: or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

Already registered? here.