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Peugeot Citroen revises its 2009 forecasts 'significantly upwards'

Thu, 12 Nov 2009 04:51:00 -0500

PARIS - French automaker PSA Peugeot Citrœn said Thursday that it has revised its 2009 forecasts "significantly upward" after recent improvements in the automobile market look set to boost fourth quarter production.

Shares of auto parts company Magna International close up more than 14 per cent

Fri, 06 Nov 2009 17:26:00 -0500

TORONTO - Shares of Magna International Inc. (TSX:MG.A) jumped more than 14 per cent in trading Friday after the auto parts company reported a third-quarter profit of $51 million and was reported to be involved in a new auto palant in Russia.

Magna to turn attention to new technologies after GM scuttles Opel deal

Thu, 05 Nov 2009 19:19:00 -0500

TORONTO - Magna International Inc. (TSX:MG.A) will turn its attention to new technologies including electric vehicles after a plan to acquire General Motors' European division was scuttled earlier this week.

Magna may have dodged business disaster with failure of Opel deal, observers say

Wed, 04 Nov 2009 17:50:00 -0500

TORONTO - Magna International (TSX:MG.A) dodged what some industry observers say could have been a disaster this week when General Motors Co. dashed plans to sell its money-losing Opel division to a Magna-led group that wanted to build cars and sell them in the growing Russian market.

Canadian vehicles sales down one per cent in October; smallest decline in more than a year

Tue, 03 Nov 2009 17:35:00 -0500

TORONTO - Vehicle sales in Canada were down only one per cent in October compared to a year earlier, the smallest decline in more than a year amid growing consumer confidence.

Autos sales show industry starting to stabilize in October after roller-coaster

Tue, 03 Nov 2009 20:09:00 -0500

DETROIT - After months of roller-coaster results, the U.S. auto industry showed signs of stability in October.

Hyundai, Ford continue Canadian sales momentum, post double-digit increases

Tue, 03 Nov 2009 10:25:00 -0500

TORONTO - Automakers Hyundai and Ford continued their Canadian sales momentum in October, posting double-digit increases compared to a year earlier.