01:51:10 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 410,974,525
Close 2015-08-19 C$ 68.83
Market Cap C$ 28,287,376,556
Recent Sedar Documents

Globe says Magna, others hear TPP talks resume Thursday

2015-08-20 07:18 ET - In the News

Also In the News (C-GMM) General Motors Company
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Also In the News (C-MRE) Martinrea International Inc

The Globe and Mail reports in its Thursday, Aug. 20, edition that negotiators for the Trans-Pacific Partnership are gathering in Washington to try to break a deadlock over autos. The Globe's Steven Chase writes that firms in the Canadian and Mexican auto sectors want a better deal. Canada's chief TPP negotiator Kirsten Hillman is heading to Washington on Thursday to join talks that sources say are part of an effort to clinch an accord by mid-September. Canada, the United States and Mexico are trying to settle a question with potential consequences for their manufacturing sectors: What portion of an auto part, or a car, must originate in this proposed trade zone to avoid tariffs? Mexican officials say the deal must guarantee that half of the content of cars is made within signatory countries. The minimum content rule for auto parts is close to that portion. Canada's Automotive Parts Manufacturers' Association said Wednesday it agrees with Mexico. The minimum TPP content rules sought by Canadian and Mexican auto-sector officials are higher than the 30 per cent for parts and 45 per cent for light-duty vehicles that sources say Japan and the U.S. had provisionally agreed to before things stalled.

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