AP BERLIN — Germany could provide any new investor in General Motors Corp.’s Opel unit bridge financing of €1.5 billion ($2.1 billion), Finance Minister Peer Steinbrück said Wednesday ahead of top-level meetings on the future of the auto maker.
Fiat contends it has the best bid for GM’s European operations, but Opel may be looking elsewhere. LONDON – In a crowded bid to see who will win Opel, General Motors’ European unit, several reports said Thursday that Magna International was a preferred …
Germany’s economy minister has said the government couldn’t afford to spend all the money required to save every threatened job at carmaker Opel.
By Anthony DiPaola May 9 (Bloomberg) — Fiat SpA’s bid for General Motors Corp.’s Opel unit is “more advanced” than a rival’s as Italy’s largest carmaker pledges to keep more jobs in Europe, a German government official involved in the talks said.
By Erik Kirschbaum BERLIN, May 3 (Reuters) – Economy Minister Karl-Theodor zu Guttenberg said on Sunday Italian automaker Fiat SpA (FIA.MI) — and any investor — must present a solid long-term strategy to keep Opel plants open to obtain German government support.
Can Fiat CEO Sergio Marchionne add two ailing carmakers—Chrysler and Opel—and come up with one automotive success story? Maybe… By Carol Matlack Is Fiat Chief Executive Sergio Marchionne overreaching?
By NELSON D. SCHWARTZ TURIN, Italy – Fiat, the Italian automaker, is considering an acquisition of General Motors’ Opel division in Europe, and has discussed a potential deal with government negotiators in Washington, executives at GM and …