Home | Business News | Browse by Publication | A | Automotive News

Magna plots Chrysler's future; Priorities: Cut stores, keep ties to Daimler.

Publication: Automotive News
Publication Date: 07-MAY-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: Magna plots Chrysler's future; Priorities: Cut stores, keep ties to Daimler.(Magna International Inc.)(Company overview)

Article Excerpt
Byline: Bradford Wernle, David Barkholz

The top brass at Magna International Inc. - the giant Canadian supplier considered to be the leading candidate to take over the Chrysler group - already has a vision of what's needed to fix the troubled automaker.

High on the list: Reduce the number of Chrysler group dealerships.

Sometime this month, DaimlerChrysler AG is expected to choose a lead bidder to negotiate the sale of the U.S. automaker, which Daimler-Benz bought nine years ago for $36 billion.

To prepare for the next round of negotiations, Magna executives are working seven days a week to analyze the Chrysler group's strengths and weaknesses. Informed sources say Magna's brain trust has reached some conclusions:

* Maintain an alliance between the Chrysler group and Mercedes-Benz. Sources...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Automotive News
Toyota to send 30,000 workers back to boot camp.(News)(Toyota Motor Co..., May 07, 2007
Late News., May 07, 2007
Personnel.(People)(briefs)(Dealerskins)(Jumpstart Automotive Media), May 07, 2007
Ford seeks Edge in women's clothing.(Marketing)(Ford Motor Co.)(Brief ..., May 07, 2007

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.