Stronach gets 750,000 Decoma options

Article Abstract:

Decoma International Inc., a plastic auto parts manufacturer, has given 750,000 options in stock to its parent company Magna International Inc.'s chairman Frank Stronach. Stronach is expected to supply consulting services for four years starting 1998 to Decoma. Stronach will also be helping Decoma to work on its fascia operations which manufactures plastic body parts to shield automobile steel bumpers. However, his new options have practically no value at the moment since Decoma's stock is only currently being traded at $10.10.

Comment:

Has given 750,000 options in stock to its parent company Magna International Inc.'s chairman Frank Stronach

Canada, All Other Plastics Product Manufacturing, Management development, Plastic Transport Eqp Parts, Decoma International Inc., Transportation equipment parts, Article

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President newest casualty as Magna again shakes up Decoma

Article Abstract:

Decoma, the plastic parts division of the Magna Company has removed Mr. Al Power from the president position. Company's failure in European market, decrease in demand due to the low quality production are stated as the main reasons for this change of management.

Miscellaneous Plastics Products, NEC, Rubber & Plastic Products, Plastics and Rubber Products Manufacturing, Plastics materials and resins, RUBBER AND MISC. PLASTICS PRODUCTS, Plastics industry, Appointments, resignations and dismissals, Power, Al

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GM comeback shifting into high gear: Lutz

Article Abstract:

Bob Lutz, vice-chairman of General Motors Corp. discussed the firm's new market strategies.

Motor vehicles and car bodies, Strategy & planning, Market Targeting & Approach, Planning, Automobile industry, General Motors Corp., GM, Market strategy, Company business planning, Lutz, Robert A.

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