Magna International

Magna's Q4 net income jumps 31%

12:51 pm U.S. ET | March 3, 2014
Magna International said its fourth-quarter profit jumped 31 percent, driven by a pickup in North America and Europe, and hiked its dividend. Net income attributable to the company rose to $458 million in the fourth quarter, from $351 million a year earlier, the company said in a statement....
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Magna forms Chinese joint venture to produce front-end modules

Feb. 18, 2014 12:47 CET
Magna has created a joint venture with Chongqing Guangneng Rongneng Trim to produce front-end modules for automakers in China....
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GM rolls back contentious terms in purchasing contract

8:00 am U.S. ET | Feb. 11, 2014
GM is rolling back controversial changes it made last year to its purchasing contract, including new terms that some suppliers believed exposed them to greater warranty liability. GM in July rolled out the biggest overhaul to its supplier contract framework in 20 years....
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