Quote:
Originally Posted by steeljack
re . the 'bankruptcy' of GM which also includes Vauxhall (UK) and Opel (Germany) does anyone else find it 'funny' that the "White Knight" riding to the rescue is a "Canadian" company of undeternined international ownership that is being backed/financed up by one the Russian (ogliarchs sp?) billionares who obtained his wealth by questionable means .
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Frank Stronach, the owner of Magna, started off as an immigrant with about $40.00 in his pocket ... under the deal Magna will hold 20% of GM's European operation ... the Russian Sberbank, 30%, and Opel employees, about 10%. Magna is a Canadian auto parts manufacturer; and this is a major acquisition for the company ... the only problem is that there will be job cuts, probably in England. As an aside, Belinda Stronach, Frank's daughter, ran for the leadership of the Conservative party ... she has been linked romantically with Bill Clinton, and had a high profile affair with Ty Domi, who was a goon for the Toronto Maple Leafs.