reportonbusiness.com: Purchase this article

Posted AT 1:00 AM EST on 11/04/07

Onex, Magna eye bid for Chrysler

BOYD ERMAN AND GREG KEENAN

From Wednesday's Globe and Mail

Two of Canada's most aggressive and successful businessmen, Gerald Schwartz of Onex Corp. and Frank Stronach of Magna International Inc., are working on a joint bid for all of money-losing auto maker Chrysler, according to people familiar with the sale process. The rationale behind a Magna-Onex partnership is that Magna could bring its expertise to operating auto factories, while Onex could use its financial finesse to run Chrysler's credit arm, the sources said.

The full text of this article has 1074 words.

To continue reading this article, you will need to purchase this article.

Already have a member account? Login now

Pay-Per-View Offers To read the complete article, select one of the following options

Purchasing from globeandmail.com is quick and secure.

TSX
DJIA
S&P
Nasdaq

Market	Change	Value
Data delayed 15 minutes
S&P/TSX	-239.14	8,057.82
DJIA	-215.45	8,376.24
S&P 500	-25.52	845.22
Nasdaq	-46.82	1,445.56

Stock Profile	Sponsored by:
Profile Quote Lookup

Job loss tops economic agenda

Plus: The close: Stocks get ugly again

Video: Loblaw shares on a tear

Technology


Finding the perfect gadget: Need a present for mom, dad, son, daughter, friend, colleague?

Most Popular

Rank	Headline
1.	Canada loses most jobs in 26 years 8:35 AM 51
2.	Royal Bank profit falls to $1.12-billion 8:36 AM 12
3.	Loonie falls on massive job losses 8:22 AM 7
4.	World braces for long crisis, big U.S. job cuts 6:35 AM 2
5.	Crisis? What crisis? 04/12/08 12:32 PM 17
6.	Chrysler Canada warns of 'slow burn' 04/12/08 6:52 PM 89
7.	Executives pan PM's plan as lacking punch 12:00 AM 34
8.	Closed mines, broken dreams in the town that nickel built 12:56 AM 2
9.	Oil price sets stage for mergers 04/12/08 8:32 PM
10.	U.S. loses half a million jobs 8:40 AM 2

Rank	Headline
1.	Rae steps in as coalition's chief salesman 2:30 AM 380
2.	Canada loses most jobs in 26 years 8:35 AM 51
3.	Time for a real leader 04/12/08 11:18 PM 63
4.	Royal Bank profit falls to $1.12-billion 8:36 AM 12
5.	Loonie falls on massive job losses 8:22 AM 7
6.	Harper's blunder deals blow to his credibility 2:30 AM 66
7.	Majority prefers keeping Conservative government 04/12/08 9:00 PM 758
8.	Can Harper defang the coalition? 4:28 AM 58
9.	World braces for long crisis, big U.S. job cuts 6:35 AM 2
10.	Foreign spy ring uncovered, report says 04/12/08 7:45 PM 42

Rank	Headline
1.	Rae steps in as coalition's chief salesman 2:30 AM 379
2.	Happiness is contagious: study 2:13 AM 1
3.	Canada loses most jobs in 26 years 8:35 AM 51
4.	Fanning the fires of national disunity 04/12/08 11:20 PM 51
5.	Majority prefers keeping Conservative government 04/12/08 9:00 PM 758
6.	Time for a real leader 04/12/08 11:18 PM 63
7.	Loonie falls on massive job losses 8:22 AM 7
8.	Crisis? What crisis? 04/12/08 12:32 PM 17
9.	Stuck on the market 04/12/08 10:04 PM 73
10.	Closed mines, broken dreams in the town that nickel built 12:56 AM 2

Rank	Headline
1624	Parliament shut down till Jan. 26 1624
749	Bloc part of secret coalition plot in 2000 with Canadian Alliance 749
382	Rae steps in as coalition's chief salesman 382
264	Harper boosts nationalist sentiment in Quebec 264

More popular news items

WebSeven


Ivor Tossell Cyberbullying verdict turns rule-breakers into criminals: Precedent in MySpace harassment case could have consequences for Web users at large