Sweeping Magna overhaul shakes up management

Article Abstract:

Magna International Inc. has shuffled its management and reorganized itself by spinning off its seating, interior components, and door hardware units as Magna Interiors and its vehicle assembly, powertrain, and hydroforming operations as Magna Steyr. The company itself will become a holding company with five divisions.

Austria, Organizational history, Executive changes & profiles, Parent-to-subsidiary activities, Magna-Steyr, Magna Interiors

---

Magna considers subsidiary spinoff

Article Abstract:

Magna International Inc. is planning to make its fourth publicly traded subsidiary by spinning off its European operations. The proposed name for the future subsidiary is MagnaSteyr.

Europe, Subsidiary corporations, Subsidiaries

---

Magna strategy fit for future: analysts

Article Abstract:

Magna International Inc. is adopting a strategy to take advantage of modular assembly and niche marketing.

Similar abstracts:

• Abstracts: Decoma shareholders OK Magna unit purchase. Magna loses bid for French interiors firm. Magna calls off subsidiary merger
• Abstracts: Police raid call centres that got job grants. Managers in job-grants controversy lose bonuses. Ottawa cancels unity jobs plan
• Abstracts: PepsiCo to swallow Quaker Oats. Coke's deal for Cadbury fizzles in Canada. Echostar to launch Hughes bid
• Abstracts: Bruised markets roar back. Stock markets take a hit as unease grows

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.