May
21st
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Fiat chief executive Sergio Marchionne has expressed confidence in Fiat's efforts to acquire the German automotive producer Opel. Full story...
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May
21st
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An emergency rescue plan has been prepared by labour unions in order to save Opel should none of the three contenders currently bidding for the GM subsidiary succeed, a local paper has said. Full story...
May
21st
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Fiat SpA has more than a 50 percent chance of succeeding with its plan to tie up with Opel, an Italian newspaper said on Thursday, citing Fiat chief executive Sergio Marchionne. Full story...
May
21st
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The pursuit of General Motors' Opel unit appears to have narrowed to a three-way race between Italy's Fiat, Canada's Magna International and Belgian investment firm RHJ International. Full story...
May
21st
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The pursuit of General Motors' Opel unit appears to have narrowed to a three-way race between Italy's Fiat, Canada's Magna International and Belgian investment firm RHJ International. Full story...
May
20th
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As expected, Fiat has confirmed that it has submitted an offer for GM Europe's Opel and Vauxhall operations. Full story...
May
20th
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As expected, Fiat has confirmed that it has submitted an offer for GM Europe's Opel and Vauxhall operations. Full story...
May
20th
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Magna International aims to create a European-Russian automaker that produces up to 5 million cars a year, German daily Rheinische Post said, citing company sources. Full story...
May
20th
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Fiat CEO Sergio Marchionne is convinced that a merger of Fiat Group's car business with Opel is the best chance of survival for General Motors' German subsidiary. Full story...
May
20th
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RHJ International has historically invested heavily in Japan and also focused on the automotive parts sector. It has expressed an interest to diversify geographically, particularly in Europe. Full story...
May
20th
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General Motors said on Wednesday it expected at least three bidders for a stake in Opel to hand over plans to the German government ahead of a 1600GMT deadline. Full story...
May
20th
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The German government has agreed with a group of state-owned banks to provide bridging loans for General Motors' Opel/Vauxhall unit to help the carmaker maintain liquidity through the third quarter of this year, giving it more time to complete negotiations with potential new owners. Full story...
May
20th
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Fiat S.p.A confirmed it has submitted an offer for General Motors' Opel/Vauxhall brands as the German government extended a deadline for potential investors to submit bids. Full story...
May
20th
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General Motors has received three bids for its Opel division, Bloomberg said today, citing a GM spokesman. GM would not name the bidders but reports suggested they are Fiat S.p.A. Full story...
May
20th
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Fiat S.p.A confirmed it has submitted an offer for General Motors' Opel/Vauxhall brands as the German government extended a deadline for potential investors to bid. German press reports said Canadian auto-parts supplier Magna International Inc. Full story...
May
20th
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The German government has agreed with a group of banks on a way to provide bridge financing for General Motors' unit Opel in case it is needed, the European Investment Bank (EIB) said. Full story...
May
19th
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Italy's government has said Fiat must commit to keeping all five of its car plants in Italy if it goes ahead with an Opel takeover, media reports said on Tuesday. Full story...
May
19th
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US investment fund Ripplewood is ready to make a bid for Opel, bringing the number of potential investors to three, German daily Bild reported on Tuesday. Full story...
May
19th
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The German government has agreed with a group of banks on a way to provide bridge financing for General Motors' unit Opel in case it is needed, the European Investment Bank (EIB) said. Full story...
May
19th
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German public banks have agreed with the German government to extend temporary financing to General Motors' European unit, Opel, during efforts to shift it to new ownership, Berlin sources said Tuesday. Full story...