RPT-ANALYSIS-Magna's Stronach looks to Opel to realize ambitions

Newswire

(Repeats analysis released late on May 26) By John McCrank TORONTO, May 26 (Reuters) - Magna International Inc's bid to buy Germany's iconic Opel brand is a gamble on the future of the auto industry in Europe and a chance for its billionaire founder to cement his legacy. Stung by the global plunge in auto sales, but awash in cash, the Canadian company is looking to scoop up Opel from General Motors Corp , enabling it to make the jump from parts supplier to automaker. For Frank ...

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