Auto parts maker Magna to buy Germany's Getrag for about $2 bln

Thu Jul 16, 2015 7:24am EDT
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July 16 (Reuters) - Canadian automotive parts maker Magna International Inc said it will buy German car parts maker Getrag for 1.75 billion euros ($2 billion).

Getrag is a joint-venture partner of Ford Motor Co and counts BMW, Daimler, Renault SA and Volvo among its customers. ($1 = 0.9181 euros) (Reporting by Amrutha Gayathri in Bengaluru; Editing by Don Sebastian)