Magna spinoff of Steyr unit risky, analysts say

Newswire

By Scott Anderson TORONTO, Jan 23 (Reuters) - Magna International Inc. , one of the world's biggest auto-parts makers, plans to spin off two units later this year, but industry analysts said on Thursday it might find the companies a hard sell. Frank Stronach, Magna's flamboyant chairman and founder, said earlier this week that his Aurora, Ontario-based company is ready to launch its Magna Styr vehicle assembly division in some kind of spinoff "in a few months" and its recently acquired ...

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