When Magna Steyr makes its debut as a publicly traded company, it will do so intact, promises the president and CEO of its parent company, Canada-based Magna International Inc. The IPO is inevitable, Belinda Stronach confirms, and when it happens, don’t expect Magna Steyr’s powertrain capability to be carved out. Magna is adopting a “downturn mindset” for 2003, says CEO Stronach. “The powertrain assets will remain within Steyr,” Stronach says after Magna announces a ...
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