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Stock Market & Financial Investment News

News Breaks
April 7, 2014
09:03 EDTMGAMagna expands Dortec manufacturing facility
Magna announced that its Magna Closures operating unit has expanded its Dortec manufacturing facility to begin producing electronic systems and modules for the automotive industry. The $1.5M expansion will create 75 new jobs.
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September 17, 2014
17:23 EDTMGAMagna obtains issuer bid exemption order to allow purchases by private agreement
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September 4, 2014
06:02 EDTMGAGM supplier Magna begins construction on new Tennessee facility
Magna International (MGA) yesterday announced that it has started construction on a new, state-of-the-art manufacturing facility located in Spring Hill, Tennessee. The 122,500-square-foot facility will manufacture complete seat assemblies supplying General Motors' (GM) Spring Hill Assembly Plant. The plant will be fully operational in January 2015. The new facility becomes Magna's fifth location in Tennessee and is expected to employ approximately 75 people when it begins production next year.

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