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Canadian parts maker said interested in Chrysler

Magna International Inc., a Canadian auto parts maker, is in advanced talks with DaimlerChrysler AG about a possible purchase of the money-losing Chrysler unit, according to an AP report in the Detroit Free Press. AP cited German newspaper The Frankfurter Allgemeine Zeitung for the news.
The paper reported that the Aurora, Ontario-based company is in continuing talks with the German-American automaker about acquiring a majority stake in the Chrysler Group, but the paper did not name its sources. The paper said DaimlerChrysler would keep a minority stake in the U.S. division.

Posted by   at 11:46 AM to Companies | Permalink

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