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	<title>Stock Blog Hub &#187; Magna International</title>
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		<title>(F) Auto Industry Outlook and Review &#8211; November 2010 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2010/11/05/f-auto-industry-outlook-and-review-november-2010-industry-outlook/57998</link>
		<comments>http://www.stockbloghub.com/2010/11/05/f-auto-industry-outlook-and-review-november-2010-industry-outlook/57998#comments</comments>
		<pubDate>Fri, 05 Nov 2010 19:03:58 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Manufacturers - Major]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[American Axle & Manufacturing Holdings Inc]]></category>
		<category><![CDATA[ARM]]></category>
		<category><![CDATA[ArvinMeritor Inc.]]></category>
		<category><![CDATA[AXL]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[Goodyear Tire & Rubber Company]]></category>
		<category><![CDATA[GT]]></category>
		<category><![CDATA[HMC]]></category>
		<category><![CDATA[Honda Motor Company Limited]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[JCI]]></category>
		<category><![CDATA[Johnson Controls Inc.]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>
		<category><![CDATA[NISSAN MTR SPON AD]]></category>
		<category><![CDATA[NSANY]]></category>
		<category><![CDATA[SUP]]></category>
		<category><![CDATA[Superior Industries International Inc]]></category>
		<category><![CDATA[Tata Motors Limited]]></category>
		<category><![CDATA[TEN]]></category>
		<category><![CDATA[Tenneco Inc.]]></category>
		<category><![CDATA[TM]]></category>
		<category><![CDATA[Toyota Motor Corporation]]></category>
		<category><![CDATA[TRW]]></category>
		<category><![CDATA[TRW Automotive Holdings Corporation]]></category>
		<category><![CDATA[TTM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=57998</guid>
		<description><![CDATA[The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. In the first nine months of 2010, General Motors (MTLQQ) led with a 19% market share in the U.S., followed by Ford Motor Co. (F) with a 16.7% market share, Toyota Motors Corp. (TM) with a 15.2% market share, Honda Motor Co. (HMC) with a 10.6% market share, Chrysler-Fiat with a 9.5% market share and Nissan Motor Co. (NSANY) with a 7.8% market share. The recent economic crisis has provided an impetus to a massive structural change in the auto industry, setting the stage for growth over the next decade. Given the high barriers to entry and the need for scale economies (in operations, supply chain and marketing), the global ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/11/05/f-auto-industry-outlook-and-review-november-2010-industry-outlook/57998/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MGA) Magna International &#8211; Big Jump in Estimates &#8211; Awesome Balance Sheet</title>
		<link>http://www.stockbloghub.com/2010/09/23/mga-magna-international-big-jump-in-estimates-awesome-balance-sheet/52573</link>
		<comments>http://www.stockbloghub.com/2010/09/23/mga-magna-international-big-jump-in-estimates-awesome-balance-sheet/52573#comments</comments>
		<pubDate>Thu, 23 Sep 2010 15:25:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Parts]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52573</guid>
		<description><![CDATA[Magna International, Inc. (MGA) recently hit a new multi-year high on an awesome 83% Q2 earnings surprise. With rising estimates and a bullish growth projection, this Zacks #1 rank stock offers some solid upward momentum. Company Description Magna International Inc. is an automotive supplier that specializes in manufacturing automotive systems, modules and components. The company operates primarily in North America and Europe and has a market cap of $8.9 billion. Although MGA has been trending higher with the market for most of the last 18 months, shares got an extra pop on Aug 6 after the company reported excellent Q2 results that included an 83% earnings surprise. Second-Quarter Results Revenue for the period was up 63% from last year to $6.1 billion. Earnings also came in strong at $2.77, 83% ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/23/mga-magna-international-big-jump-in-estimates-awesome-balance-sheet/52573/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MGA) Magna International &#8211; Bull of the Day</title>
		<link>http://www.stockbloghub.com/2010/08/24/mga-magna-international-bull-of-the-day/49115</link>
		<comments>http://www.stockbloghub.com/2010/08/24/mga-magna-international-bull-of-the-day/49115#comments</comments>
		<pubDate>Tue, 24 Aug 2010 14:34:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Parts]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=49115</guid>
		<description><![CDATA[Magna International (MGA) enjoys a strong competitive position in the automotive industry by virtue of its complete range of interior and exterior auto systems. The company is strengthening its positions in the emerging markets of Asia, Eastern Europe and Russia. It is also poised for growth through its major business wins from original equipment manufacturers (OEMs). In the most recent quarter, the company outpaced the Zacks Consensus Estimate by $1.27 per share. These factors have led us to upgrade shares from Neutral to Outperform and set a target price of $91. Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/08/24/mga-magna-international-bull-of-the-day/49115/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(F) Auto Industry Outlook and Review &#8211; July 2010 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2010/07/13/f-auto-industry-outlook-and-review-july-2010-industry-outlook/43359</link>
		<comments>http://www.stockbloghub.com/2010/07/13/f-auto-industry-outlook-and-review-july-2010-industry-outlook/43359#comments</comments>
		<pubDate>Wed, 14 Jul 2010 02:59:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Manufacturers - Major]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[American Axle & Manufacturing Holdings Inc]]></category>
		<category><![CDATA[ARM]]></category>
		<category><![CDATA[ArvinMeritor Inc.]]></category>
		<category><![CDATA[AXL]]></category>
		<category><![CDATA[DAI]]></category>
		<category><![CDATA[Daimler AG]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[Goodyear Tire & Rubber Company]]></category>
		<category><![CDATA[GT]]></category>
		<category><![CDATA[HMC]]></category>
		<category><![CDATA[Honda Motor Company Limited]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[JCI]]></category>
		<category><![CDATA[Johnson Controls Inc.]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>
		<category><![CDATA[NISSAN MTR SPON AD]]></category>
		<category><![CDATA[NSANY]]></category>
		<category><![CDATA[SUP]]></category>
		<category><![CDATA[Superior Industries International Inc]]></category>
		<category><![CDATA[Tata Motors Limited]]></category>
		<category><![CDATA[TEN]]></category>
		<category><![CDATA[Tenneco Inc.]]></category>
		<category><![CDATA[TM]]></category>
		<category><![CDATA[Toyota Motor Corporation]]></category>
		<category><![CDATA[TRW]]></category>
		<category><![CDATA[TRW Automotive Holdings Corporation]]></category>
		<category><![CDATA[TTM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=43359</guid>
		<description><![CDATA[The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. In the first quarter of 2010, General Motors (MTLQQ) led with a 19.2% market share in the U.S., followed by Ford Motor Co. (F) with a 17.3% market share, Toyota Motors Corp. (TM) with a 15.1% market share, Honda Motor Co. (HMC) with a 10.6% market share, Chrysler-Fiat with a 9.4% market share and Nissan Motor Co. (NSANY) with a 7.9% market share. The recent economic crisis has provided an impetus to a massive structural change in the auto industry, setting the stage for growth over the next decade. Given the high barriers to entry and the need for scale economies (in operations, supply chain and marketing), the global auto ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/07/13/f-auto-industry-outlook-and-review-july-2010-industry-outlook/43359/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TM) Auto Industry Outlook and Review &#8211; April 2010 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2010/04/08/tm-auto-industry-outlook-and-review-april-2010-industry-outlook/33262</link>
		<comments>http://www.stockbloghub.com/2010/04/08/tm-auto-industry-outlook-and-review-april-2010-industry-outlook/33262#comments</comments>
		<pubDate>Thu, 08 Apr 2010 23:35:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Manufacturers - Major]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[American Axle & Manufacturing Holdings Inc]]></category>
		<category><![CDATA[ARM]]></category>
		<category><![CDATA[ArvinMeritor Inc.]]></category>
		<category><![CDATA[AXL]]></category>
		<category><![CDATA[DAI]]></category>
		<category><![CDATA[Daimler AG]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[Goodyear Tire & Rubber Company]]></category>
		<category><![CDATA[GT]]></category>
		<category><![CDATA[HMC]]></category>
		<category><![CDATA[Honda Motor Company Limited]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>
		<category><![CDATA[SUP]]></category>
		<category><![CDATA[Superior Industries International Inc]]></category>
		<category><![CDATA[TEN]]></category>
		<category><![CDATA[Tenneco Inc.]]></category>
		<category><![CDATA[TM]]></category>
		<category><![CDATA[Toyota Motor Corporation]]></category>
		<category><![CDATA[TRW]]></category>
		<category><![CDATA[TRW Automotive Holdings Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33262</guid>
		<description><![CDATA[The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals Incorporatedluding Nissan Motor and its alliance with Renault account for 8.4% of the auto market, Honda Motor (HMC) 5.6% and Suzuki 3.8%. Among the Detroit automakers, General Motors (“GM&#8221;) holds 11.9% of the auto market, Ford (F) 7.8% and Chrysler-Fiat 6.4% of the auto industry. The recent economic crisis has provided an impetus to a massive structural change in the auto industry, setting the stage for growth over the next decade. Given the high barriers to entry and the need for scale economies (in operations, supply chain and marketing), the global auto industry landscape is ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/08/tm-auto-industry-outlook-and-review-april-2010-industry-outlook/33262/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(F) Ford Motor Company Receives Grants</title>
		<link>http://www.stockbloghub.com/2010/03/19/f-ford-motor-company-receives-grants/31376</link>
		<comments>http://www.stockbloghub.com/2010/03/19/f-ford-motor-company-receives-grants/31376#comments</comments>
		<pubDate>Fri, 19 Mar 2010 22:39:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Manufacturers - Major]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31376</guid>
		<description><![CDATA[The U.K. government announced that it will provide £360 million ($550 million) in loan guarantees from its Automotive Assistance Program to Ford Motor Co. (F) to support its research and development for commercial vehicles and low carbon emission diesel and petrol engines. The grant will also back Ford&#8217;s investment in new production facilities for low-carbon engines across the U.K. The grant will be provided in response to the company&#8217;s bid for a £450 million ($687 million) loan from the European Investment Bank. Ford plans to invest £1.5 billion ($2.3 billion) over 5 years to develop low carbon emission diesel and petrol emissions cars across its UK sites. The investment will protect around 2,800 jobs in the nation. The U.K. government has also provided a grant of £20.7 million ($31.6 million) ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/19/f-ford-motor-company-receives-grants/31376/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TM) Auto Industry Outlook for 2010 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2009/12/30/tm-auto-industry-outlook-for-2010-industry-outlook/23893</link>
		<comments>http://www.stockbloghub.com/2009/12/30/tm-auto-industry-outlook-for-2010-industry-outlook/23893#comments</comments>
		<pubDate>Wed, 30 Dec 2009 21:42:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Manufacturers - Major]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[American Axle & Manufacturing Holdings Inc]]></category>
		<category><![CDATA[ARM]]></category>
		<category><![CDATA[ArvinMeritor Inc.]]></category>
		<category><![CDATA[AXL]]></category>
		<category><![CDATA[DAI]]></category>
		<category><![CDATA[Daimler AG]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[Goodyear Tire & Rubber Company]]></category>
		<category><![CDATA[GT]]></category>
		<category><![CDATA[HMC]]></category>
		<category><![CDATA[Honda Motor Company Limited]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>
		<category><![CDATA[NISSAN MTR SPON AD]]></category>
		<category><![CDATA[NSANY]]></category>
		<category><![CDATA[SUP]]></category>
		<category><![CDATA[Superior Industries International Inc]]></category>
		<category><![CDATA[TEN]]></category>
		<category><![CDATA[Tenneco Inc.]]></category>
		<category><![CDATA[TM]]></category>
		<category><![CDATA[Toyota Motor Corporation]]></category>
		<category><![CDATA[TRW]]></category>
		<category><![CDATA[TRW Automotive Holdings Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23893</guid>
		<description><![CDATA[The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals including Nissan (NSANY) and its alliance with Renault account for 8.4% of the auto market, Honda Motor (HMC) 5.6% and Suzuki 3.8%. Among the Detroit automakers, General Motors (GM) holds 11.9% of the auto market, Ford (F) 7.8% and Chrysler-Fiat 6.4% of the auto industry. The recent economic crisis has provided an impetus to a massive structural change in the auto industry, setting the stage for growth over the next decade. Given the high barriers to entry and need for scale economies (in operations, supply chain and marketing), the global auto industry landscape is expected ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/30/tm-auto-industry-outlook-for-2010-industry-outlook/23893/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(TM) Auto Industry Outlook &#8211; Dec. 09 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2009/12/29/tm-auto-industry-outlook-dec-09-industry-outlook/23872</link>
		<comments>http://www.stockbloghub.com/2009/12/29/tm-auto-industry-outlook-dec-09-industry-outlook/23872#comments</comments>
		<pubDate>Wed, 30 Dec 2009 01:00:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Manufacturers - Major]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[American Axle & Manufacturing Holdings Inc]]></category>
		<category><![CDATA[ARM]]></category>
		<category><![CDATA[ArvinMeritor Inc.]]></category>
		<category><![CDATA[AXL]]></category>
		<category><![CDATA[DAI]]></category>
		<category><![CDATA[Daimler AG]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[Goodyear Tire & Rubber Company]]></category>
		<category><![CDATA[GT]]></category>
		<category><![CDATA[HMC]]></category>
		<category><![CDATA[Honda Motor Company Limited]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>
		<category><![CDATA[NISSAN MTR SPON AD]]></category>
		<category><![CDATA[NSANY]]></category>
		<category><![CDATA[SUP]]></category>
		<category><![CDATA[Superior Industries International Inc]]></category>
		<category><![CDATA[TEN]]></category>
		<category><![CDATA[Tenneco Inc.]]></category>
		<category><![CDATA[TM]]></category>
		<category><![CDATA[Toyota Motor Corporation]]></category>
		<category><![CDATA[TRW]]></category>
		<category><![CDATA[TRW Automotive Holdings Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23872</guid>
		<description><![CDATA[The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals including Nissan (NSANY) and its alliance with Renault account for 8.4% of the auto market, Honda Motor (HMC) 5.6% and Suzuki 3.8%. Among the Detroit automakers, General Motors (GM) holds 11.9% of the auto market, Ford (F) 7.8% and Chrysler-Fiat 6.4% of the auto industry. The recent economic crisis has provided an impetus to a massive structural change in the auto industry, setting the stage for growth over the next decade. Given the high barriers to entry and need for scale economies (in operations, supply chain and marketing), the global auto industry landscape is expected ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/29/tm-auto-industry-outlook-dec-09-industry-outlook/23872/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MGA) General Motors to Compensate for Opel?</title>
		<link>http://www.stockbloghub.com/2009/12/28/mga-general-motors-to-compensate-for-opel/23730</link>
		<comments>http://www.stockbloghub.com/2009/12/28/mga-general-motors-to-compensate-for-opel/23730#comments</comments>
		<pubDate>Tue, 29 Dec 2009 01:46:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Parts]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23730</guid>
		<description><![CDATA[The Russian bank, Sberbank, has asked for voluntary compensation from General Motors (GM) for the scrapped deal to sell 55% of the latter’s stake in Opel to the former. The bank has threatened to sue the automaker otherwise. Last month, GM halted its plan to sell a 55% stake in Opel to Magna (MGA), backed by Russia’s Sberbank, and decided to continue running the unit on its own. GM had been in a dilemma while choosing Magna as the preferred bidder for Opel. The German Government preferred Magna, which had promised not to close any of the four Opel plants in the state. The deal was supported by a €1.5 billion ($2.15 billion) Government-backed bridge loan. However, with Magna, GM was afraid of losing Opel&#8217;s technology to the Russian car industry. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/28/mga-general-motors-to-compensate-for-opel/23730/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MRH) Montpelier Re Holdings Ltd Forms Lloyd&#8217;s MGA</title>
		<link>http://www.stockbloghub.com/2009/12/15/mrh-montpelier-re-holdings-ltd-forms-lloyds-mga/22858</link>
		<comments>http://www.stockbloghub.com/2009/12/15/mrh-montpelier-re-holdings-ltd-forms-lloyds-mga/22858#comments</comments>
		<pubDate>Tue, 15 Dec 2009 22:54:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>
		<category><![CDATA[Montpelier Re Holdings Limited]]></category>
		<category><![CDATA[MRH]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22858</guid>
		<description><![CDATA[Montpelier Re Holdings Ltd. (MRH) has fortified its Lloyd’s operations. Last week, the company announced the formation of its new U.K. Managing General Agent (MGA). Montpelier Group’s wholly owned subsidiary, Paladin Underwriting Agency Limited, has received the authorization of the Financial Services Authority and has been granted Lloyd’s coverholder status. Paladin will generate business for Montpelier Syndicate 5151 at Lloyd’s. Montpelier stands to benefit from this formation with Paladin’s ability to attract niche underwriting teams and accessibility to profitable classes of business. In the beginning, Paladin would focus on producing Specialist Contractors, Recycling and Crime classes of business. Senior management level appointments have been made. William Adamson has been appointed Managing Director of Paladin. Richard Chattock and Giuseppe Perdoni have joined the board as Executive Directors, while Tom Busher and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/15/mrh-montpelier-re-holdings-ltd-forms-lloyds-mga/22858/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MGA) General Motors to Cut Jobs in Opel Unit</title>
		<link>http://www.stockbloghub.com/2009/12/03/mga-general-motors-to-cut-jobs-in-opel-unit/21863</link>
		<comments>http://www.stockbloghub.com/2009/12/03/mga-general-motors-to-cut-jobs-in-opel-unit/21863#comments</comments>
		<pubDate>Thu, 03 Dec 2009 23:07:59 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Parts]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=21863</guid>
		<description><![CDATA[General Motors (hereafter, GM) announced that it will downsize 354 employees at its Opel/Vauxhall plant in Luton, England, as a part of its European restructuring actions. The plant manufactures vans for Opel, Vauxhall, Nissan and Renault. GM has revealed the restructuring actions to cost about 9,000 jobs across Europe in order to reduce output by about 20%. The company had commented that it would require €3.3 billion ($4.9 billion) to restructure its European operations, a part of which will be sourced from the governments. Opel/Vauxhall constitutes about 48,000 employees in Europe, half of them located in Germany. GM’s ownership in Opel took a twist last month when the automaker halted its plan to sell a 55% stake in Opel to Magna (MGA), backed by Russia’s Sberbank, and decided to continue ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/03/mga-general-motors-to-cut-jobs-in-opel-unit/21863/feed</wfw:commentRss>
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		<title>(F) General Motors Dethrones CEO Henderson</title>
		<link>http://www.stockbloghub.com/2009/12/03/ceo-general-motors-dethrones-ceo-henderson/21842</link>
		<comments>http://www.stockbloghub.com/2009/12/03/ceo-general-motors-dethrones-ceo-henderson/21842#comments</comments>
		<pubDate>Thu, 03 Dec 2009 22:51:23 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[AT&T Inc.]]></category>
		<category><![CDATA[BA]]></category>
		<category><![CDATA[Boeing Company]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>
		<category><![CDATA[T]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=21842</guid>
		<description><![CDATA[General Motors’ (MTLQQ) Board of Directors has ousted Chief Executive Officer (CEO) Fritz Henderson from his position, blaming the slower-than-expected recovery of the company. For the time being, General Motors (hereafter, GM) Board’s Chairman Ed Whitacre Jr. – the former head of AT&#38;T (T) – will serve as CEO until a suitable candidate is found outside the organization. Henderson, who joined GM in 1984, was promoted to CEO from Chief Financial Officer in March, replacing Rick Wagoner. Wagoner was forced to resign by the Government on the same account – more radical change is expected. Henderson’s appointment as CEO had provoked much skepticism, primarily due to him being an insider. Some proponents believe that its time for GM to look for an outsider like Ford (F) did by appointing the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/03/ceo-general-motors-dethrones-ceo-henderson/21842/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(MGA) Magna International Bags General Motors Contract</title>
		<link>http://www.stockbloghub.com/2009/11/25/mga-magna-international-bags-general-motors-contract/21287</link>
		<comments>http://www.stockbloghub.com/2009/11/25/mga-magna-international-bags-general-motors-contract/21287#comments</comments>
		<pubDate>Wed, 25 Nov 2009 19:00:27 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Parts]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=21287</guid>
		<description><![CDATA[Magna International (MGA) has reported that it has won a contract to make the new generation of frames for General Motors’ full-size light-duty pickups and sport utility vehicles despite their disputed relationship over the Opel deal. According to Magna, the new third generation of frames would replace GMT 900, which is the frame for Chevrolet’s Suburban, Tahoe and Silvarado models. Magna will manufacture the frames at its Cosma unit in St. Thomas, Ontario, and the Saltillo plant in Mexico. The St. Thomas plant has been manufacturing frames for General Motors (hereafter, GM) since 1999 and the Saltillo plant currently builds the GMT 900. The Canadian auto parts maker has not disclosed the value of the deal. Magna’s relationship with GM has suffered over the former’s acquisition of the Opel/Vauxhall business ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/25/mga-magna-international-bags-general-motors-contract/21287/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(GS) Goldman Sachs Group to Invest in Chinese Carmaker</title>
		<link>http://www.stockbloghub.com/2009/09/23/gs-goldman-sachs-group-to-invest-in-chinese-carmaker/15879</link>
		<comments>http://www.stockbloghub.com/2009/09/23/gs-goldman-sachs-group-to-invest-in-chinese-carmaker/15879#comments</comments>
		<pubDate>Wed, 23 Sep 2009 19:22:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Investment Brokerage - National]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[HMC]]></category>
		<category><![CDATA[Honda Motor Company Ltd.]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>
		<category><![CDATA[TM]]></category>
		<category><![CDATA[Toyota Motor Corp.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15879</guid>
		<description><![CDATA[An investment arm of Goldman Sachs Group Inc. (GS) is poised to invest about $250 million in Geely Automotive &#8211; China&#8217;s largest privately-owned carmaker &#8211; by purchasing the company&#8217;s convertible bonds and warrants. Geely Automotive is the Hong Kong-listed arm of Chinese automaker Geely Holding. Goldman Sachs Capital Partners will buy convertible bonds and warrants issued by Geely&#8217;s Hong Kong-listed subsidiary. The deal is almost complete, but some technical details of the investment are still pending. Confirmation of the deal could be announced as early as this week. Geely plans to use the proceeds from the Goldman investment to boost its production capacity, which could free up capital for its parent to bid for Volvo. Geely&#8217;s parent company has made global headlines in recent weeks after contemplating a bid for ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/23/gs-goldman-sachs-group-to-invest-in-chinese-carmaker/15879/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(MGA) Magna International Gets Chinese Offer for Opel</title>
		<link>http://www.stockbloghub.com/2009/09/17/mga-magna-international-gets-chinese-offer-for-opel/15470</link>
		<comments>http://www.stockbloghub.com/2009/09/17/mga-magna-international-gets-chinese-offer-for-opel/15470#comments</comments>
		<pubDate>Thu, 17 Sep 2009 18:35:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15470</guid>
		<description><![CDATA[Magna International (MGA) has been approached by China ’s Geely Automobile Holdings for a partnership deal in the former’s newly acquired Opel unit. Last week, Magna and Russia ’s Sberbank acquired the Opel unit from General Motors. The deal allowed both the buyers to hold 55% stake in the unit. General Motors and the Opel workers together hold the remaining 45%. Talks held between the two automakers included the possibility of Geely taking a stake in Opel. However, Magna abstained from any such partnership, according to a source familiar with the deal. It is likely that Magna would not want to complicate its involvement in Opel as it already has a Russian partner. Magna and Sberbank are planning to manufacture Opel cars in Russia with the biggest automaker in the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/17/mga-magna-international-gets-chinese-offer-for-opel/15470/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(MGA) Magna International to Restore Opel&#8217;s Profitability</title>
		<link>http://www.stockbloghub.com/2009/09/15/mga-magna-international-to-restore-opels-profitability/15206</link>
		<comments>http://www.stockbloghub.com/2009/09/15/mga-magna-international-to-restore-opels-profitability/15206#comments</comments>
		<pubDate>Tue, 15 Sep 2009 16:58:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15206</guid>
		<description><![CDATA[Magna International (MGA) has revealed that it will downsize 10,500 jobs in its newly acquired Opel/Vauxhall business in Europe. The announcement brings no surprise as the company had previously stated to retrench a fifth of the Opel workforce to make the unit financially viable. Last week, Magna and Russia’s Sberbank acquired the Opel unit from General Motors (hereafter, GM). The deal allowed both the buyers to hold 55% stake in the unit. General Motors and the Opel workers together hold the remaining 45%. The Canadian parts supplier has promised to restore Opel’s profitability before 2015. It has also revealed its desire to pay back the $6.55 billion loan, received from the German Government to finance the deal, by the same year. However, Magna faces several obstacles in its blueprint to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/15/mga-magna-international-to-restore-opels-profitability/15206/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(MGA) General Motors Rethinking Opel Plans</title>
		<link>http://www.stockbloghub.com/2009/08/27/mga-gm-rethinking-opel-plans/13549</link>
		<comments>http://www.stockbloghub.com/2009/08/27/mga-gm-rethinking-opel-plans/13549#comments</comments>
		<pubDate>Thu, 27 Aug 2009 20:06:45 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Parts]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13549</guid>
		<description><![CDATA[General Motors is reconsidering its bailout plans for Opel/Vauxhall business in Europe. The company blew past an August 21 deadline to find a preferred bidder for a controlling stake in the business. Opel deal had been a bipartite race between two suitors, Canada-based auto parts supplier Magna International (MGA) &#8212; backed by Russia’s Sberbank &#8212; and Brussels-based industrial investment group RHJ International. Of them, GM&#8217;s Board of Directors rejected Magna&#8217;s offer on August 21, and RHJ International was opposed by the German government with an apprehension of higher job losses. GM&#8217;s board has now instructed its management to consider new options for Opel Incorporatedluding putting together a $4.3 billion financing plan to rebuild the business rather than divesting it. The company intends to raise funds for the unit from the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/27/mga-gm-rethinking-opel-plans/13549/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(JCI) Johnson Does Debt-Equity Swap</title>
		<link>http://www.stockbloghub.com/2009/08/21/jci-johnson-does-debt-equity-swap/13121</link>
		<comments>http://www.stockbloghub.com/2009/08/21/jci-johnson-does-debt-equity-swap/13121#comments</comments>
		<pubDate>Sat, 22 Aug 2009 01:54:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Parts]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[JCI]]></category>
		<category><![CDATA[Johnson Controls Inc.]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13121</guid>
		<description><![CDATA[Auto-parts maker Johnson Controls Inc. (JCI) is exchanging its 6.5% convertible senior notes due 2012 and its equity units in the form of corporate units to reduce the amount of its outstanding debt and related ongoing interest expense. As of Jun 30, 2009, Johnson Control had approximately $4.8 billion of outstanding debt Incorporatedluding $450 million of equity units. Johnson Controls will exchange all of its convertible notes for 89.3855 common shares plus $120 in cash and accrued and unpaid interest per $1,000 of principal notes. The company originally issued $402.5 million of convertible notes. The company will also exchange up to 8.55 million corporate units, or 95% of its outstanding equity units, for 4.8579 common shares, $6.50 in cash and accrued and unpaid interest on the 11.5% notes due 2042 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/21/jci-johnson-does-debt-equity-swap/13121/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MGA) Opel to Choose Suitor</title>
		<link>http://www.stockbloghub.com/2009/08/21/mga-opel-to-choose-suitor/13118</link>
		<comments>http://www.stockbloghub.com/2009/08/21/mga-opel-to-choose-suitor/13118#comments</comments>
		<pubDate>Sat, 22 Aug 2009 01:51:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Parts]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[Magna International]]></category>
		<category><![CDATA[MGA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13118</guid>
		<description><![CDATA[General Motors will choose a preferred bidder for a controlling stake in its European Opel/Vauxhall business today. The deal has become a race between two suitors, Canada-based auto parts supplier Magna International (MGA) and Brussels-based industrial investment group RHJ International. GM sits uncomfortably in the deal amidst the German government’s bias towards Magna. This is because Magna has vowed to make most of its job cuts outside Germany if it wins the deal. Both the suitors had indicated they would cut Opel’s workforce by a fifth – about 10,000 jobs – to make the unit financially viable. GM is in a dilemma fearing that Magna, backed by Russia’s Sberbank, could capture Opel&#8217;s technology for the Russian car industry. Thus, if Magna wins the deal, GM may lose Russia’s increasingly important ]]></description>
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		<slash:comments>0</slash:comments>
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