Russian firm takes stake in Magna, Chrysler eyed
DETROIT/MOSCOW (Reuters) - Canadian auto parts supplier Magna International Inc. said on Thursday it had secured a $1.54 billion investment from a firm controlled by Russian billionaire Oleg Deripaska in a move aimed first at expansion in the fast-growing Russian auto market. The cash infusion could also help Magna fund a bid to buy struggling U.S. automaker Chrysler Group from its German corporate parent, DaimlerChrysler, in ongoing talks in which Magna has been seen as front runner by many analysts.
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