Business
German Antitrust Authority attends at Magna Operating Division in Germany
AURORA, ON , Sept. 24, 2013 /CNW/ - Magna International Inc. (TSX: MG) (NYSE: MGA) today...
About this update from Magna International Inc.
[{"type":"text","content":"\n\n\nAURORA, ON, Sept. 24, 2013 /CNW/ - Magna International Inc. (TSX: MG) (NYSE: MGA) today announced that the Bundeskartellamt, the German Federal Cartel\n Office, has attended at a Magna operating division in Germany under the\n authority of a search warrant, in connection with an ongoing antitrust\n investigation of the automobile textile coverings and components\n industry (particularly trunk linings).\n\n\nMagna's policy is to comply with all applicable laws, including\n antitrust and competition laws, and we intend to cooperate with the\n German Federal Cartel Office.\n\n\nABOUT MAGNA\n\n\nWe are a leading global automotive supplier with 314 manufacturing\n operations and 89 product development, engineering and sales centres in\n 29 countries. Our 123,000 employees are focused on delivering superior\n value to our customers through innovative processes and World Class\n Manufacturing. Our product capabilities include producing body,\n chassis, interior, exterior, seating, powertrain, electronic, vision,\n closure and roof systems and modules, as well as complete vehicle\n engineering and contract manufacturing. Our common shares trade on the\n Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For\n further information about Magna, visit our website at www.magna.com.\n\n\nFORWARD-LOOKING STATEMENTS \n\n\n\nThe previous discussion may contain statements that constitute\n \"forward-looking information\" or \"forward-looking statements\" within\n the meaning of applicable securities legislation. We use words such as\n \"may\", \"would\", \"could\", \"should\", \"will\", \"likely\", \"expect\",\n \"anticipate\", \"believe\", \"intend\", \"plan\", \"forecast\", \"outlook\",\n \"project\", \"estimate\" and similar expressions suggesting future\n outcomes or events to identify forward-looking statements. Any such\n forward-looking statements are based on information currently available\n to us, and are based on assumptions and analyses made by us in light of\n our experience and our perception of historical trends, current\n conditions and expected future developments, as well as other factors\n we believe are appropriate in the circumstances. However, whether\n actual results and developments will conform with our expectations and\n predictions is subject to a number of risks, assumptions and\n uncertainties, m...