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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: heinz44 who wrote (162316)	6/3/2009 12:24:23 AM
From: heinz44	Respond to of 314043

Are you trying to be funny............I am pure blood!! Castles are named in my name...........going back to the mid ages!! Magna (TSX: MG-A.TO) is putting in about $300 million into the project and is seeking low-interest loans from the federal government for about half the total cost. But Stronach came to Ottawa without any guarantee he would be seeing Prime Minister Stephen Harper, although he said he hoped to arrange a meeting. The electric vehicle is a major step by Magna to diversify its business away from auto parts, a sector hit hard by the slump in GM, Ford and Chrysler, Magna's main customers. Besides electric vehicles, Austrian-born Stronach wants to expand Magna's vehicle assembly operations and use the Opel deal to boost sales to Russia, which could soon become Europe's largest car market and help Magna decrease its dependence on North America. Magna has also been looking to other customers like Volkswagen, BMW and Toyota. Saturday's Opel deal calls for Magna to take a 20 per cent stake in the German company and for state-controlled Russian lender Sberbank to take a 35 per cent stake, giving their consortium a majority. GM will keep 35 per cent, while the remaining 10 per cent will go to Opel employees. cccccccccccccccccccccccccccccccccccccccccccccccc ANYWAY that electric thing they did a deal with S Korean co...50 mil 150 to go Anyway I dont know if this is the Co Stronach was on BNN today and that what he said...paid 50 mil 150 to go and he wants govt to put in 150 mil as a loan and he will open the first bat operated car plant in Canada!! •Business type: manufacturer, exporter •Product types: batteries lithium polymer, electric vehicles, batteries industrial, batteries medical equipment, solar electric power systems, marine power systems, All kinds of Lithium Polymer Battery for variable applications. •Service types: consulting, design, installation, construction, engineering, project development services •Address: Sihwa Industrial Complex 2NA304, 1261-3 Jeongwang-dong, Siheung-si, Gyeonggi-do South Korea 429-450 •Telephone: 82-31-3620-148