Magna, unions in talks to help Chrysler

[Omaha Steve]

http://ctv2.theglobeandmail.com/servlet/story/RTGAM.20070226.wmagna27/business/Business/businessBN/ctv-business

Magna, unions in talks to help Chrysler

By Greg Keenan, Globe and Mail Update

Magna International Inc. chairman Frank Stronach met with leaders of the two largest unions at the Chrysler Group last week to discuss ways of helping the auto maker out of its current crisis.

The meetings came as rumours swirled through the auto industry that Magna wants to take over Chrysler in a deal that would turn the Canadian auto parts giant into a full-fledged auto maker.

Canadian Auto Workers union president Buzz Hargrove confirmed last week that he met with Mr. Stronach to discuss the situation at Chrysler as its parent DaimlerChrysler AG considers selling the company or seeking partners for it.

Mr. Hargrove would not reveal the issues raised in the meeting.


FULL story at link.