Frank Stronach: car-parts king who built an empire with $200

Frank Stronach, the 'colourful' tycoon poised to take over GM Europe, built up North America's largest car-parts firm from a single garage in Toronto.

It's easy to fall back on national stereotypes when assessing the characters involved in the Canadian/Russian alliance now taking on GM Europe. If Oleg Deripaska the oligarch caught up in the Mandelson/Osborne yacht imbroglio last summer is the risky player; then Canadian car-parts magnate Frank Stronach must be the safe, dull one.

Well, think again, says The New York Times. As any Magna International shareholder will tell you, Stronach, a colourful tycoon not averse to being addressed as 'king' in meetings, is a law unto himself. "He's a sort of genius and a bit of a buffoon wrapped together."

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