The German government is still talking to potential investors in Opel other than Magna International, Economy Minister Karl-Theodor zu Guttenberg said at a press conference in Berlin with UK Business Secretary Peter Mandelson.
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Germany is still talking to potential investors in carmaker Opel which have not been made public, German Economy Minister Karl-Theodor zu Guttenberg said today. Since reaching a preliminary agreement with Canada's Magna International Inc.
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Germany is still talking to potential investors in carmaker Opel which have not been made public, German Economy Minister Karl-Theodor zu Guttenberg said today. Since reaching a preliminary agreement with Canada's Magna International Inc.
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An analyst at Global Insight has said that Magna's profit forecasts look 'highly aggressive' and that elements underlying the deal appear precarious - in particular the state of the Russian car market and arrangements for future Chevrolet sales.
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Beijing Automotive Industry Holdings Co Ltd (BAIC) may bid for GM's Saab unit after missing out on Opel, according to Chinese media reports.
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A consortium headed by Magna is on track to buy Opel, a senior German politician said on Tuesday.
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Fiat S.p.A. had no chance of winning the bidding race for Opel, a German state premier said on Tuesday. "Fiat's entry would have raised more questions than it answered.
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Figuerelas, Opel's struggling Spanish car factory, will begin assembling the new Meriva MPV in autumn 2009, helping boost its slumping output rates, workers' commite chief Jose Arceiz told just-auto.com.
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Russia sees the expertise of Opel as its chance for a technological breakthrough in its ailing car industry, a top Russian government official said on Saturday.
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Sitting behind the wheel of his vintage Volga car next to the bearded chief of the Russian Orthodox church, Prime Minister Vladimir Putin wore a proud grin.
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Standard and Poor's is monitoring Magna International Inc.'s bid for a stake in General Motors' Opel European brand to see whether the purchase drains Magna's liquidity, SandP ratings analyst Greg Pau said today.
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Opel will have to pay billions of euros in licence fees to GM after it separates from its parent, according to a report in German business daily Handelsblatt.
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Sberbank yesterday (4 June) unveiled cash aid for Opel of EUR500m to help the German company maintain jobs at home.
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Fiat CEO Sergio Marchionne said on Friday that Saab has "minimal" interest for Fiat without Opel. "The work on Saab was linked to Opel, taking into account that the technical input all came from Opel," Marchionne said.
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Fiat's efforts to acquire Opel are not dead and buried according to the Italian carmaker and a government minister.
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Fiat CEO Sergio Marchionne on Friday reiterated the carmaker's interest in taking over Opel. "The interest is still there, it doesn't depend on us," he told reporters on the sidelines of an event in Turin.
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Beijing Automotive Industry Holding (BAIC) has mandated PricewaterhouseCoopers to advise on a possible takeover of Opel, a source familiar with the situation said on Thursday.
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Russia's Sberbank and iMagna International will give Opel a 500 million euro ($708.4 million) cash injection to help the automaker save jobs while totally restructuring its assets abroad.
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Magna International plans to improve Opel's annual earnings by $3.3 billion over the next five years as part of a business plan to take over the European carmaker, the Frankfurter Rundschau newspaper reported. A forecast $2.
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General Motors' factories in Russia will be transferred to Opel under the control of a Russian-backed consortium led by Magna Interational, the head of Sberbank said. Sberbank is planning to take a 35 percent stake in Opel.
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