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Magna mulls Pininfarina takeover

Canadian-Austrian parts supplier Magna International Inc. is weighing a proposal to buy Italian design specialist Pininfarina S.p.A., three sources with direct knowledge of the matter told Automotive News Europe. Earlier this month, Pininfarina's quarterly earnings report disclosed that the company could be sold as soon as Dec.

Who's Where: Kevin Rice becomes Mazda Europe’s design director as Peter Birtwhistle retires

Mazda Europe has a new design director. Effective 1 September, Kevin Rice will succeed Peter Birtwhistle, who retires from the post of chief designer, bringing to an end a 26-year career with Mazda. Following graduation from Coventry University's transport design course, Rice, 50, began his professional career at Opel in 1986.

General Motors says Magna's Opel bid has obstacles, RHJ's is easier to accept

General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept. Writing on GM Europe's Web site, John Smith, GM's chief negotiator for the Opel sale, says Magna's bid "contained elements around intellectual property and our Russian operations that simply could not be implemented." He adds: "GM has partners in other parts of the world who have joint ownership of these assets ...