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From Canadian Business Online,
 

Behind the cover

Cover podcast: Frank Stronach

What's Magna's chairman doing with Opel? CB's staff weighs in.

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CB Podcast

Frank Stronach: The Gambler — Canadian Business issue October 12, 2009
Hosted by:
Lianne George, Canadian Business Deputy Editor
Guest(s): Thomas Watson, Canadian Business Senior Writer

Magna International has teamed up with Russian interests to jointly purchase a 55% stake in Opel, GM's troubled European division. Some call it a bold move by Magna's chairman to expand his $24-billion autopart's empire into Russia. Others think Stronach is playing with fire by moving into direct competition with his automaking customers. But when it comes to Canada's most flamboyant entrepreneur, Canadian Business reporter Thomas Watson says nobody knows what to make of the deal because Stronach and his Canadian executives aren't speaking from the same talking points. And that's why investors should get ready for a bumpy ride.

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