General Motors Co. and Magna International have narrowed their differences in talks over the Canadian supplier's bid for Opel and only a small number of issues are still pending, German politicians said on Wednesday.
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General Motors Co. and Magna International have narrowed their differences in talks over the Canadian-Austrian supplier's bid for Opel and only a small number of issues are still pending, German politicians said on Wednesday.
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General Motors said it made progress "clarifying issues from the best and final offers received two weeks ago" at several meetings with Opel bidders Magna and RHJI, and with members of the German automotive task force, in Berlin on Tuesday.
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General Motors Co. and Magna International have narrowed their differences in talks over the Canadian-Austrian supplier's bid for carmaker Opel, the Economy Minister of one of the German states that has an Opel plant told Reuters on Wednesday.
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General Motors Co. and Magna International have narrowed their differences in talks over the Canadian-Austrian supplier's bid for carmaker Opel, the Economy Minister of one of the German states that has an Opel plant told Reuters on Wednesday.
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General Motors Co. and the German government could decide by the end of the week which bidder they want to take control of the automaker's Opel unit, Germany's deputy economics minister said.
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General Motors Co. and the German government could decide by the end of the week which bidder they want to take control of the automaker's Opel unit, Germany's deputy economics minister said.
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General Motors Co. and the German government could decide by the end of the week which bidder they want to take control of the automaker's Opel unit, Germany's deputy economics minister said.
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General Motors and the German government started new talks today (4 August) to try and decide on the successful bidder for Opel.
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General Motors Co.'s new board of directors made no recommendation in favor of one of the two rival bidders for Opel, the company said on Tuesday.
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General Motors Co. hopes to recommend a new owner for Opel shortly, the company said on Tuesday.
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General Motors Co. hopes to recommend a new owner for its Opel unit shortly, the company said on Tuesday.
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General Motors Co.'s new board of directors made no recommendation in favor of one of the two rival bidders for Opel, the company said on Tuesday.
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General Motors Co.'s new board of directors made no recommendation in favor of one of the two rival bidders for Opel, the company said on Tuesday.
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German chancellor Angela Merkel has been urged to lobby the US government to support the Magna bid for Opel because it saves jobs.
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Magna International and RHJ International are scheduled to meet German government and General Motors officials on Tuesday to decide who takes over Opel, government sources have said.
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Magna will cut 3,045 Opel jobs if it buys the automaker from General Motors, a German magazine said.
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German government officials and General Motors Co. representatives will meet the remaining two bidders for Opel on Tuesday, government sources said on Monday.
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Opel's future will top the agenda of a General Motors Co. board meeting today, Bloomberg news agency reported, saying also that Opel could be forced into bankruptcy if GM and the German government fail to agree on a buyer for the unit.
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Opel's future topped the agenda of a General Motors Co. board meeting Monday evening, Bloomberg news agency reported, saying also that Opel could be forced into bankruptcy if GM and the German government fail to agree on a buyer for the unit.
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