Parts makers target China's auto boom: Tesma to open factory this year

Article Abstract:

Tesma International Inc., the engine and transmission parts division of Magna International Inc. would open a factory in China in 2004. Tesma's first manufacturing operation in China will start shipments later in 2004, as its small plant will supply engine belt tensioners to Volkswagen AG.

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Linamar pumping $1.1-billion into Ontario

Article Abstract:

Canada based second largest auto-part maker Linamar Corp. is planning to invest 1.1billion dollars to expand its facility in Ontario. This expansion will create 3,000 jobs for the region in next five years.

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Magna banks on big cash hoard

Article Abstract:

The details on Magna International Inc., which posted decline in profits at $639 million for 2005, are presented.

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