5.01.2007

Belinda to Spearhead Chrysler?

Everybody who's anybody in the world of cars knows that the DCX board wants to get rid of its Chrysler division (specifically because it "cheapens" the image of the other brands), and that a number of potential suitors have been named.

Now, there's really no need for those of us who don't own Daimler-Chrysler stocks to really care about any of this, but as a Canadian, and one who tends to follow federal politics, I'm liking the Belinda spin on this story.

Ms. Stronach decided to leave federal politics, in order to return to the company founded by her father, Frank Stronach. She will act as executive-vice chairperson, and I'm sure she has the potential to move up the ladder (there's no glass ceiling when your father's the company founder). You can read all about that story here.

Magna is, according to News WLNS, the current leader in the race to own Chrysler, and is apparently also the take-over bidder most supported by the various unions of Chrysler. This could be one of the leading reasons Ms. Stronach decided to leave politics, and go back to the autoparts giant. Why deal with sexism and being called a dog, when you can own Dodge?

In other Magna news, the previously mentioned X-Bow is being assembled by Magna-Steyr, the Austrian subsidiary of Magna (which also assembles Chrysler products).
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