Fiat S.p.A. could turn to France's PSA/Peugeot-Citroen as a potential merger partner after its bid for Germany's Opel failed, but a deal would be full of complications.
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Fiat SpA could turn to France's PSA/Peugeot-Citroen as a potential merger partner after its bid for Germany's Opel failed, but a deal would be full of complications.
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May 29 (Reuters) -- Austrian-Canadian car parts group Magna International has reached a preliminary deal with General Motors to invest in its German unit Opel, sources close to the negotiations told Reuters on Friday.
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Here are comments made by Magna co-CEO Siegfried Wolf to reporters in Berlin last week about his plans for Opel:
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Here are comments made by Magna co-Chief Executive Siegfried Wolf to reporters in Berlin last week about his plans for Opel:
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Here are comments made by Magna co-Chief Executive Siegfried Wolf to reporters in Berlin last week about his plans for Opel:
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Here are key elements of the deal that will have Magna International save GM's Opel:
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Here are key developments in the deal that will have Magna International save GM's Opel:
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Canadian component manufacturer looks to have nosed ahead of Fiat in the race to own Opel and Vauxhall
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General Motors and Magna International have reached an agreement in principle that could rescue ailing German carmaker Opel, sources close to the negotiations told Reuters on Friday afternoon.
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Germany has reached a landmark deal with Magna, General Motors and governments to save Opel from the imminent bankruptcy of its US parent, German leaders said on Saturday.
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An analyst says that failures to find agreements on the future of GM's European operations have raised the likelihood of Opel having to file for insolvency.
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Germany and the United States today have possibly their last chance to save Opel and agree a plan to shield the carmaker from the all but inevitable bankruptcy of parent General Motors.
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Germany and the United States today have possibly their last chance to save Opel and agree a plan to shield the carmaker from the all but inevitable bankruptcy of parent General Motors.
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Germany reached a landmark deal with Canadian auto parts group Magna, General Motors and governments to save carmaker Opel from the imminent bankruptcy of its U.S. parent, German leaders said late today.
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German efforts to forge a rescue for General Motors' Opel unit were under threat on Friday after Fiat S.p.A. and Magna International, the leading candidates to take over the carmaker, voiced reservations about the bidding process.
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Germany reached a landmark deal with Canadian auto-parts group Magna, General Motors and governments to save Opel from the imminent bankruptcy of its U.S. parent, German leaders said on Saturday.
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Germany reached a deal in talks with Canada's Magna International, General Motors and governments to save GM's Opel unit, German government leaders said on Saturday after a six-hour meeting in the chancellery.
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Canadian supplier Magna International Inc. has reached a preliminary deal with General Motors to invest in Opel, boosting hopes for a deal with the U.S. and German governments to save the carmaker.
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