This surprises me a bit, but it's certainly in Magna's interest to
continue selling parts to Chrysler and someone has to get serious about
buying Chrysler.
At least Chrysler would become a domestic car company again and
hopefully would totally rid itself of the German wing in the front of
it's cars. That wing has already been missing from newer models.

> Analyst: Magna, partner bid for Chrysler
> Offer could be US$4.7-billion
> Nicolas Van Praet, Financial Post
> Published: Friday, March 23, 2007
>
> TORONTO -- Canadian auto supply giant Magna International Inc. has teamed up
> with a private equity partner in making an offer to buy Chrysler, an equity
> research analyst said.
>
> Magna and a private equity partner have written a joint letter of interest
> offering to buy Chrysler for roughly US$4.7-billion, KeyBanc Capital Markets
> analyst Brett Hoselton said in a research report published Friday.
>
> Magna is looking to take a stake in the range of 20% to 25% in Chrysler, the
> analyst said. That would give its ownership position a value of about
> US$940-million to US$1.18-billion.

More-
http://www.canada.com/nationalpost/n...283-d17f-4e28-
ad86-f74a27a27975&k=70576



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