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In 2002, Magna International announced that it had reached an agreement with DaimlerChrysler to acquire its Austrian-based Eurostar Automobilwerk operation. [26] Magna acquired 80% of New Venture Gear, once a joint venture between General Motors and Chrysler, in September 2004, and combined it into Magna Powertrain. It assumed full ownership in ...
Magna stated the new company would better address the growing importance of all-wheel drive powertrains. [2] In September 2004, [3] Magna acquired the global operations of New Venture Gear from DaimlerChrysler for an estimated price of $435 million, and integrated it with Magna Drivetrain. The acquisition helped establish the newly formed Magna ...
Ocala Meadows, Ocala, Florida. Magna has agreed in September 2009 to sell 490 acres (2.0 km 2) near Interstate 75 for $8.1 million (sale has not formally closed). 218 acres (0.88 km 2) land, Romulus, Michigan. Magna purchased this property in September 2002 and sold it some time in 2008 for $28 million. Thistledown Racecourse, North Randall ...
Magna International opened the doors to a new 170,000-square-foot mirror manufacturing facility in Duncan Thursday that will employ about 255 workers. Magna Mirrors opens Duncan plant, to supply ...
Main Oldsmobile plant, part of GM's Lansing Plant 1. Located around 1014 Townsend St., next to the former Oldsmobile headquarters at 920 Townsend St. C (1985-2004) Lansing Car Assembly - Chassis (South) Lansing, Michigan: United States: GM N platform cars: 1902: 2004: Started using separate plant code from the North plant beginning with the ...
Magna Steyr GmbH & Co KG was founded in 2001 after Magna International Inc. acquired a majority shareholding in Steyr-Daimler-Puch AG three years earlier. [4]During the second quarter of 2015, the Magna Steyr battery pack business was sold to Samsung SDI for approximately $120 million.
The original factory ("Old Mack") was built in 1916 by the Michigan Stamping Company. When Michigan Stamping was sold to Briggs Manufacturing Company in 1920, Briggs made bodies there for Plymouth, Ford, and others. Chrysler Corporation bought Mack Avenue and 11 other plants from Briggs in 1953.
Saginaw Metal Casting Operations is an automobile engine foundry plant in Saginaw, Michigan. Opened under GM management in 1919, the factory produces engine blocks and cylinder heads for General Motors vehicles. The factory currently occupies 1.9 million square feet on 490 acres.