The company reportedly said it plans to build a production facility for new-technology transmissions. Production is tentatively set to start in early 2007 and the new plant should employ about 750 ...

Magna International has struck a deal to buy Germany’s Getrag Group of Companies for an estimated $2 billion, adding an important manufacturer of powertrain systems to its portfolio of automotive ...

Auto parts maker Magna International Inc. will pay about US$1.93 million (1.76 billion euros) to buy the Getrag Group, a German supplier of automotive transmissions for car manufacturers such as Ford, ...