Chrysler Canada expected to name CEO

Article Abstract:

Chrysler Canada Ltd is expected to appoint Edwin Brust to the president post to replace the late William Glaub. Brust has been in the company for 15 years and in 1996 he was named general manager of operations in Middle East, Africa and Latin America. Brust arrives at the Canadian operation at a time of strong sales that topped competitors General Motors of Canada Ltd and Ford Motor Company of Canada Ltd.

Automobile and Light Duty Motor Vehicle Manufacturing, Motor Vehicles, Chrysler Canada Inc.

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Stronach eyes Magna cash for investments

Article Abstract:

Frank Stronach, chairman for Magna International Inc. and Magna Entertainment Corp. is not interested in renewing the forbearance agreement, which both the companies had signed years ago. The agreement restricts permission to invest in any non-automotive operations up to a value of 20% of its own equity without approval of Magna shareholders.

Contracts & orders received, Motor vehicle parts and accessories, Management dynamics, AMUSEMENT & RECREATION SERVICES, Contracts & orders let, Management, Officials and employees, Automobile equipment and supplies industry, Automotive parts industry, Contracts, Magna International Inc., Entertainment industry, Contract agreement, Company business management, Magna Entertainment Corp., Stronach, Frank

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