Germany plans to protect Opel's assets from creditors if parent General Motors is forced into bankruptcy in the US next month, economy minister Karl-Theodor zu Guttenberg was quoted as saying at the weekend.
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PSA/Peugeot-Citroen has no fear of a possible alliance between Fiat and General Motors's Opel brand, a PSA board director said.
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PSA/Peugeot-Citroen has no fear of a possible alliance between Fiat and General Motors's Opel brand, a PSA board director said.
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Leaders of Italy's major engineering unions will meet their counterparts in Germany next week as anger seethes in the Mediterranean nation over Fiat CEO Sergio Marchionne's plans to merge Fiat, Opel and Chrysler into a new global giant carmaker.
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Germany has a plan to protect the assets of carmaker Opel from creditors if its U.S. parent General Motors is forced into bankruptcy next month, German Economy Minister Karl-Theodor zu Guttenberg said.
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Leaders of Italy's major engineering unions will meet their counterparts in Germany next week as anger seethes in the Mediterranean nation over Fiat CEO Sergio Marchionne's plan to merge Fiat, Opel and Chrysler into a new global giant carmaker.
Full story...
Germany has a plan to protect the assets of carmaker Opel from creditors if its U.S. parent General Motors is forced into bankruptcy next month, German Economy Minister Karl-Theodor zu Guttenberg said.
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Leaders of Italy's major engineering unions will meet their counterparts in Germany next week as anger seethes in the Mediterranean nation over Fiat CEO Sergio Marchionne's plans to merge Fiat, Opel and Chrysler into a new global giant carmaker.
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In today's News Brake: General Motors will be putting fewer performance cars on the street; Toyota sees red in its earnings report, too; and Sergio Marchionne tells the German government that he is its best option for Opel ... But Wait, There's More!
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A new Canadian-Austrian-Russian plan for Opel has emerged.
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German regional governments said on Friday that Fiat still had not presented a convincing strategy to merge General Motors' Opel unit with Fiat's car business.
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German regional governments said on Friday that Fiat still had not presented a convincing strategy to merge General Motors' Opel unit with Fiat's car business.
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Fiat CEO Sergio Marchionne is convinced that a merger of Fiat Group's car business with General Motors' Opel brand is the best way to give Opel a future.
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Fiat CEO Sergio Marchionne is convinced that a merger of Fiat Group's car business with General Motors' Opel brand is the best way to give Opel a future.
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Fiat CEO Sergio Marchionne is convinced that a merger of Fiat Group's car business with General Motors' Opel brand is the best way to give Opel a future.
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GM wants to cooperate on new cars with whoever buys a stake in its European business, Chief Financial Officer Ray Young said. and#8220;We would like a party that wants to grow the Opel and Vauxhall brands.
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Magna International has so far presented a more concrete proposal on General Motors unit Opel to the German carmaker than Fiat, Opel Supervisory Board member Armin Schild told Reuters.
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General Motors could take a stake in the company that would be created by merging its European car business with Fiat SpA's auto unit, a source close to the situation said on Thursday.
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General Motors could take a stake in the company that would be created by merging its European car business with Fiat SpA's auto unit, a source close to the situation said on Thursday.
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Fiat has denied reports that it plans to slash 18,000 jobs by closing or scaling down 10 factories in Europe in a possible takeover of General Motors' Opel unit.
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