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Magna Confirms Chrysler Interest

Stock quotes in this article: MGA , DCX  

Canadian auto-parts maker Magna International (MGA Quote) confirmed "involvement" in the potential purchase of DaimlerChrysler's(DCX Quote) U.S. unit.

The company said Friday that it "continues to review potential alternatives" related to the future of Chrysler Group.

"Magna is seeking a full understanding of the situation regarding the future of the Chrysler Group, and any constructive role Magna may play in a potential transaction," the company said. DaimlerChrysler is one of the Magna's biggest customers. ...

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