Magna repurchases interior systems operation in Germany  [ Germany ]

Magna International Inc. announced that during the third quarter of 2011, the company sold an interior systems operation located in Germany and recorded a loss on disposal of 129 million USD. Under the terms of the sale, Magna agreed to fund the buyers an estimated 109 million USD. Simultaneously, they reached a commercial settlement with one of the facility's customers regarding the cancellati...
<May 10, 2012>