Magna to buy Stadco metal stamping business for Cosma division
Stadco produces steel and aluminum stampings as well as complex vehicle assemblies; value of deal not disclosed.
Automotive R&D gets a $34M injection
The Federal government is boosting automotive R&D with a $34 million grant for six projects at five universities through its Automotive Partnership Canada initiative and industry support.
Magna subsidiary acquires Brazilian auto frame maker
Magna’s subsidiary Cosma Int. has acquired ThyssenKrupp Automotive Systems, its four plants and 770 employees