Magna International Inc. has hooked up with a private equity group to make an offer for the Chrysler group, a U.S.-based analyst Brett Hoselton said in a report today.

Magna and its unidentified partner “have written a joint letter of interest offering to buy Chrysler for roughly $4.6-billion-$4.7-billion [U.S.], with the supplier looking to take a 20-25 per cent stake,” Mr. Hoselton said in a note to clients.