Bloomberg News

Magna Says It Will Cooperate With U.S Antitrust Investigation

October 13, 2011

Oct. 13 (Bloomberg) -- Magna International Inc., North America’s largest auto-parts supplier, said it would cooperate with the U.S. Department of Justice’s antitrust investigation into the automobile tooling industry.

Magna, based in Aurora, Ontario, has been asked to hand over documents for bids including a tooling program by a subsidiary of its Cosma International unit, the company said in a statement distributed by PRNewswire.

“We are fully cooperating with the DOJ,” the company said.

Magna designs and manufactures car systems and parts, and assembles vehicles.

--Editor: Anthony Aarons, Heather Smith

To contact the reporter on this story: Kit Chellel in London cchellel@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus