Friday, May 11, 2007
Will a Russian gangster own Chrysler? Magna International, the Canadian auto-parts maker that is the leading contender to bid for Chrysler, announced that Oleg Deripaska, a Russian aluminum magnate who has been linked to organized crime, is buying a $1.54 billion stake in Magna. The U.S. has previously revoked Deripaska's visa to enter the country. See WSJ, How a Russian May Complicate Chrysler Auction.