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Magna considering new purchases


As Magna, the largest auto parts maker in North America, distances from the strategy envisioned by its debt-weary founder Frank Stronach, the company now mulls acquisitions worth almost $4 billion. According to Chief Executive Officer Don Walker, the company is now more interested in financing from outside sources its needed purchases (thus taking on debt) than it was when Stronach still ...
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FCA names Chrysler sales leader as North American Alfa Romeo boss
Chrysler Group LLC, a wholly owned subsidiary of Fiat SpA, has moved to appoint its US sales chief as leader of the renascent Alfa Romeo brand in North America. Reid Bigland, ...
Experts say global auto industry expansion is in full swing
A new study conducted by IHS Automotive has concluded that the pace of the global auto industry’s expansion is expected to remain steady, with the increases in the near term ...
BMW North America has a new CFO
BMW of North America will undergo an important management alteration from September, as the regional unit changes the second most important person – the chief financial officer. Ludwig Willisch, President and ...
Pagani Automobili arrives in North America, Huayra introduced
The Pagani Automobili brand has arrived in North America and the company has introduced the impressive Huayra supercar. Americans will be glad to find out that they can now order one ...
BMW will decide soon on its second North American plant
While the BMW Group has not made a decision yet on where to set up its second manufacturing facility in North America, the chief executive, Norbert Reithofer is confident there ...
Pregnancy increases the risk of crashing in North America
A new study made in Canada has found out that among the many risks usually associated with a late stage pregnancy, a new one ads up – multi-car accidents are ...
Magna sees first quarter profit boost
Magna International, the Canadian auto parts maker, announced its first quarter net profit increased by almost 7% thanks to rising demand from the North American and European regions. As net income ...
BMW may build the new 3-Series in the U.S.
German automaker BMW might consider building a second plant in North America to manufacture its quick-selling 3 Series. “We will decide this in the next months,” Harald Krueger, BMW’s production chief, ...
BMW close to deciding on second North American factory
The No.1 premium brand in the world aims to set up a second factory in the North America region to meet increased demand in the region and fight back the ...

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