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After years of flying solo, has Stronach become a team player?

Publication: Automotive News
Publication Date: 14-MAY-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: After years of flying solo, has Stronach become a team player?(Suppliers)(Frank Stronach of Magna International Inc.)(Interview)

Article Excerpt
Byline: Robert Sherefkin

Frank Stronach built Magna International Inc. with single-minded determination.

But now, with his second-largest customer, the Chrysler group, on the selling block, the 74-year-old Magna chairman is backing away from decades of autonomous management style. Groups he once scorned - organized labor, partners and financiers - he now embraces.

Is Stronach really willing to collaborate with so many outsiders?

For 50 years, the Austrian immigrant built Magna into one of the world's largest auto suppliers with no major partners. Now he is selling a chunk of the company he founded in his garage to a Russian industrialist to expand in fast-growing markets such as...

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