Hot News: Magna Rules Out Volvo Bid

Magna has ruled out making a bid to buy Volvo from Ford after its takeover of Opel/Vauxhall collapsed.The Canadian parts firm had long been expected to complete a deal to but the European firm from General Motors, but GM yesterday decided to pull out of the deal and go it alone with Opel instead.Don Walker, Magna's co-chief executive officer, said the firm would not be looking to takeover any