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.
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