Magna International Inc. announces a C$1.3 billion ($1.1 billion) plan to take its three automotive component units, Decoma International Inc., Tesma International Inc. and Intier Automotive Inc., private. Magna has made proposals to each unit to purchase the remaining shares it does not already own. Magna also says it no longer will pursue a spin-off of its Magna Steyr auto assembly unit. Magna, which expects its plan to close by January, says the privatization of the units would make it ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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!
Current subscribers, please login or CLICK for support information.