Wednesday, April 18, 2007

SNIPPET FROM FORBES EUROPE NEWS:

Shares in DaimlerChrysler dipped 0.5 pct to 60.61 eur as The Frankfurter Allgemeine Zeitung reported that Canadian car-parts supplier Magna International may be in advanced talks with DaimlerChrysler about the potential acquisition of its Chrysler unit.

The newspaper said that Magna may be aiming for a majority stake in Chrysler together with investment firm Onex, and says Daimler would probably keep a minority stake in Chrysler.

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