First it was revealed that Magna Corp was not the winning bidder in the Chrysler deal (contrary to many reports). The latest slight against the Stronachs (and that Russian billionaire who bought into the company) is the loss of the X3.
Specifically, Magna Steyr (who, you may remember, is building the KTM X-Bow) has lost the production contract for the BMW X3 SAV (which is Bayerische-speak for SUV).
Now here's my take on all this. Now that Magna has allll this extra production space (though, does anybody buy X3's? You see 5 X5's for every 1 X3 ... but I digress), and since KTM has given them the XBow contract, I predict increased XBow production!
I read somewhere that there was a limited number of XBows that could be assembled yearly, due to the production capabilities of Magna Steyr's Austrian facility. Now that we have more space, we can have more XBows! The only downer (for KTM fans, not for Magna) is that the BMW contract extends until 2010 ... so if my predictions prove correct (which they rarely do), you can buy an XBow instead of Olympic tickets ($60,000 = 1 men's hockey ticket).
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