Magna wants to help Chrysler, but a takeover's not in the cards

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Magna wants to help Chrysler, but a takeover's not in the cards
GREG KEENAN
AUTO INDUSTRY REPORTER
As Chrysler helped pull Magna International Inc. back from the financial
abyss more than a decade ago, Magna is now hoping to ride to the rescue of
Chrysler, but it won't be a takeover.
Anyone who thinks the engineers and tool-and-die geniuses at Magna's head
office in Aurora, Ont., are locked in a room figuring out how to transform
the parts giant into Chrysler: The Sequel, can forget about it.
The discussions between the Canadian company and its largest customer,
DaimlerChrysler AG, about the future of the Chrysler group are really about
protecting Magna's franchise.
"Magna is in this to save their own bacon," said one industry source in
Detroit who is familiar with the company.
http://www.theglobeandmail.com/servl...MAGNA01/TPStor

y/?query=magna

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Magna wants to help Chrysler, but a takeover's not in the cards

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Magna wants to help Chrysler, but a takeover's not in the cards - 03-01-2007 , 02:29 PM