Business Canada auto parts giant Magna to buy Germany's Getrag Group
Auto parts maker Magna International Inc. will pay about US$1.93 million (1.76 billion euros) to buy the Getrag Group, a German supplier of automotive transmissions for car manufacturers such as Ford, BMW, Daimler and others.
Business Thai police: alleged blackmailer of Saudi oil firm confesses
Thai police say a Swiss man has confessed to blackmailing his former employer, a Saudi oil exploration company, by threatening to reveal documents with information about alleged financial wrongdoing linked to the Malaysian government.