We all have heard how important it is for auto suppliers to diversify in these tough times. On Aug. 25, giant supplier Magna International spent $50 million Canadian (that's about $45 million U.S.) to buy the lavish Magna Golf Club in Aurora, Ontario. The seller? Magna Entertainment Corp., which said in a press release that it will use the money to pay down debt. Both Magna companies are public and chaired by Frank Stronach. A Magna International spokeswoman explained in an e-mail to Automotive News that it makes economic sense for the supplier to own the club, which is next to corporate headquarters: "We were paying $5 million per year to MEC for course access, in an agreement extending to 2014."
CITIZEN LASORDA -- Tom LaSorda, who became boss of the Chrysler group last year, has become a U.S. citizen. LaSorda told a Detroit newspaper that he and his wife, Doreen, were sworn in as citizens last month after passing a 10-question test. "We've been talking about this a long time," said LaSorda, who was born in Canada. The last time a U.S. citizen ran Chrysler? Jim Holden, who was dismissed in 2000.