The Globe and Mail reports in its Monday, Feb. 24, edition that Magna International is expected to slim down by selling divisions in coming months, the same style of corporate finance diet that recently boosted profitability and share prices at Canadian Tire and Newmont. The Globe's Andrew Willis writes that bankers predict Magna will be the next company to embrace what Bay Street calls "carve out" sales by auctioning up to two of its smaller business units: one that manufactures car seats, and a second that makes complete vehicles. The two divisions are expected to sell for a total of about $1.3-billion (U.S.), generating cash that Magna can use to scale up its remaining operations, pay down debt and buy back shares. RBC analyst Tom Narayan says, "We think Magna is more likely to divest businesses it does not consider core to its long-term strategy, which is competing as a market leader." Magna has sold divisions through carve outs over the past five years. Earlier this month, chief executive officer Swamy Kotagiri said there are "ongoing restructuring actions to right size our business and lower our fixed cost structure." He added that, "importantly, divestitures are not off the table. We continue to look at that."