Frank Stronach, founder and chairman of Magna International, has acknowledged that his company is definitely making a bid to take control of Chrysler and that they have the money lined up.

In August 2010, Magna converted all its supervoting Class B shares held by Frank Stronach, founder and former chairman and CEO, into a single share class and became a one-share, one-vote company.

In August 2010, Magna converted all its supervoting Class B shares held by Frank Stronach, founder and former chairman and CEO, into a single share class and became a one-share, one-vote company.

Magna founder Frank Stronach says, "You don't have to be a great scientist to know that we're going to be out of oil sooner or later." The company is investing $30 million into the hybrid project ...

The Comer Group, led by billionaire Luke Comer, has successfully completed the takeover of the Magna Racino in Ebreichsdorf (district of Baden), according to information released on Thursday.

And it will lift Canada’s sagging living standards. Frank Stronach is the founder of Magna International Inc., one of Canada’s largest global companies, and the Stronach Foundation for ...