Geely Automobile Holdings has approached Magna International about a potential partnership involving Opel, a media report said.
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The deal to sell a majority stake in General Motors Europe unit Opel to a Russian-backed Magna International consortium could be signed by early October and the Antwerp plant in Belgium is at risk of closure, GM CEO Fritz Henderson has said.
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Belgium will raise Opel's restructuring at a European Union summit on Thursday amid the row over German state aid, the head of the country's Flanders regional government said on Wednesday.
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Fiat has "closed with Opel and will achieve its target of selling 5.5-6m vehicles alone with Chrysler, its new chief executive said in Frankfurt on Wednesday.
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German workers would go to Belgium next week to support "in a combative way" colleagues threatened with losing their jobs, Opel works council head Klaus Franz said on Wednesday.
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Ford chairman William Clay Ford Jr may have no problem with Magna's bid-in-progress to buy majority control of Opel but his counterpart at Volkswagen has taken a very different view.
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The 'new Opel' to be formed if Magna and Russian partners take over the GM Europe unit plans to invest EUR170m (US$247.5m) in operations in Russia, not the over EUR600m claimed earlier by an Opel trustee.
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Some 'creep' is starting to appear in the reported number of jobs likely to be lost in Germany should the Magna Sberbank bid for Opel and Vauxhall proceed to completion after getting the green light from General Motors' board last week.
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The European Commission should "take a hand" in negotiations the Magna International consortium's negotiations to buy Vauxhall and Adam Opel, to ensure state aid rules are not breached, UK business secretary Peter Mandelson has said.
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British prime minister Gordon Brown will head a government delegation set to meet General Motors management to discuss making the Opel/Vauxhall Ampera at the automaker's Ellesmere Port plant in Cheshire.
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The German government expects the European Commission to approve its state aid for Adam Opel, an economics ministry spokeswoman said on Monday.
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An Opel trustee fears that hundreds of millions of euros in German state aid intended for Opel is earmarked for operations in Russia.
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The Luton van plant is at serious risk of closure in the wake of GM's forced sale of Opel/Vauxhall to Magna and its Russian finance partners, writes Mark Bursa
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Ford has no problem with Magna's planned purchase of a majority stake in Detroit rival General Motors' European unit Opel.
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By the time announcements were made in Berlin yesterday afternoon, I, for one, had had about enough of Opel.
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Russian media gleefully reported the Opel deal involving Magna International and Russian partners Sberbank and GAZ, saying the country's auto industry would welcome access to new technology.
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Magna will put in place "appropriate firewalls" to separate its parts business from its 55% stake in Opel and protect customers' "confidential and proprietary information", chairman Frank Stronach has said.
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The German government does not expect the European Commission to thwart General Motors' plan to sell a controlling stake in Opel to Magna, a spokesman said on Friday.
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Yesterday's announcement that a Magna International-led consortium would buy a 55% stake in General Motors' European Opel/Vauxhall operations finally ended speculation about who would win the bidding round but employees were hardly put at rest as the matter of where Magna's expected 10,000-worker jobs axe will fall remains uncertain.
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