CAW considers refusing to install Magna parts

Article Abstract:

The Canadian Auto Workers (CAW) union is considering not to put Magna International Inc.'s components in vehicles at Canadian assembly plants. The automakers affected in the decision by the union include Chrysler Canada Ltd., Ford Motor Co. of Canada Ltd. and General Motors of Canada Ltd. Production of profitable and important vehicles would be stopped due to the action. Much damage would result in General Motors' Oshawa, Ontario plant, which is beginning to assemble a redesigned pickup truck, which will use Magna parts. CAW said that the action is a retaliation against the aggressive resistance made by Magna management.

Comment:

Canadian Auto Workers union is considering not to put Magna's components in vehicles at Canadian assembly plants

Personnel administration, Article

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Magna to shift assets and cash to new venture

Article Abstract:

Aurora, Ontario-based auto parts maker Magna International Inc. is planning to shift $300-mil worth of non-automove assets and $250 million in cash into a new, publicly traded venture company. Magna will spin off the new company by issuing subordinate voting shares to its stockholders. Among the ventures being planned by Magna are a theme park in Austria, a luxury airline to fly between New York and London, an office/condominium development in Toronto and racetracks.

Parent-to-subsidiary activities

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Transfer pricing an issue

Article Abstract:

The significance of transfer pricing to Canadian companies, such as Ford Motor Co. of Canada Ltd., is discussed.

Motor vehicle parts and accessories, Commodity & service prices, Management, Automobile equipment and supplies industry, Automotive parts industry, Prices and rates, Transfer pricing, Ford Motor Company of Canada Ltd.

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