Auto parts company Magna International Inc. further acknowledged Friday it is considering taking a run at owning automaker Chrysler. The company confirmed recent reports, saying in a statement that it is reviewing «potential alternatives» regarding Chrysler's future, but cautioned there is no assurance any deal will be reached, according to AP. The company based in Aurora, Ontario, north of Toronto, has said before that it wants to get a «full understanding» of Chrysler's future as it considers making a bid for one of its largest customers. Magna chief Frank Stronach told Canada's Globe and Mail newspaper earlier this week the company is in talks with the Canada's Onex Corp. conglomerate about teaming up on a bid. Stronach did not say how big a bid the two might make, but they reportedly already made a bid for US$4.7 billion (¤3.47 billion). Last week billionaire investor Kirk Kerkorian made a $4.5 billion (¤3.33 billion) bid for the troubled automaker. Kerkorian's Tracinda Corp. tried to buy Chrysler in 1995 and lost out when the company merged with Daimler-Benz three years later. Two private equity groups have also expressed interest. Chrysler is expected to fetch between US$5 billion (¤3.69 billion) and US$8 billion (¤5.91 billion). -- SPA
