Union leaders who met Tuesday with Fiat CEO Sergio Marchionne in Frankfurt said they are still not convinced the Italian company's takeover bid is the best for Opel.
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Prime Minister Vladimir Putin's government is the driving force behind Russia's interest in General Motor's German affiliate Opel, analysts say.
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Prime Minister Vladimir Putin's government is the driving force behind Russia's interest in General Motor's German affiliate Opel, analysts say.
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Fiat CEO Sergio Marchionne and leaders of Germany's IG Metall union, including head Berthold Huber, are scheduled to meet today (19 May) as Marchionne attempts to win the union's support for his bid to buy a majority stake in Opel from General Motors.
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Fiat chief executive Sergio Marchionne is meeting with advisers and German government officials until Wednesday at which point he will submit a non-cash offer for General Motors' unit Adam Opel AG, a person familiar with the situation said on Monday.
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Germany may send a negotiation team to the United States at the end of the week to discuss solutions for General Motors unit Opel, Economy Minister Karl-Theodor zu Guttenberg said on Monday.
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Germany may send a negotiation team to the United States at the end of the week to discuss solutions for General Motors unit Opel, Economy Minister Karl-Theodor zu Guttenberg said on Monday.
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Germany could send a negotiation team to the United States at the end of the week to discuss solutions for General Motors unit Opel, Economy Minister Karl-Theodor zu Guttenberg said on Monday.
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Germany could send a negotiation team to the United States at the end of the week to discuss solutions for General Motors unit Opel, Economy Minister Karl-Theodor zu Guttenberg said on Monday.
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Germany could send a negotiation team to the United States at the end of the week to discuss solutions for General Motors unit Opel, Economy Minister Karl-Theodor zu Guttenberg said on Monday.
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General Motors' Opel unit could end up making cars for other manufacturers if Magna International becomes its partner, German media have reported.
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If General Motors files for bankruptcy at the end of the month before reaching a solution for its Opel/Vauxhall subsidiary in Europe, the German government will press for a trustee arrangement for the company, economy minister Karl-Theodor zu Guttenberg has said.
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General Motors' Opel unit could go bankrupt if competing business plans for the carmaker from Fiat S.p.A. and Magna International are both unsuitable, Germany's Economy Minister was quoted as saying.
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General Motors' Opel unit might make cars for other manufacturers if Magna International becomes its partner, according to German media reports. If Opel has to reduce output of its cars, it could offer capacity to carmakers such as Ford Motor Co.
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General Motors' Opel unit might make cars for other manufacturers if Magna International becomes its partner, German newspaper paper Welt am Sonntag reported.
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General Motors' Opel unit might make cars for other manufacturers if car parts supplier Magna International becomes its partner, German newspaper paper Welt am Sonntag reported, citing unidentified sources close to Magna.
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General Motors' Opel unit could go bankrupt if competing business plans for the carmaker from Fiat S.p.A. and Magna International are both unsuitable, Germany's Economy Minister was quoted as saying.
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Fiat will present its plan for the Opel European operations of General Motors on May 20, the deadline set by Germany, the Italian car maker's chief executive officer, Sergio Marchionne, said on Friday. "The plan is ready.
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TURIN, Italy, May 15 (Reuters) - Fiat will present its plan for the Opel European operations of General Motors on May 20, the deadline set by Germany, the Italian car maker's chief executive officer, Sergio Marchionne, said on Friday.
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Fiat will present its plan for the Opel European operations of General Motors on May 20, the deadline set by Germany, the Italian car maker's chief executive officer, Sergio Marchionne, said on Friday. "The plan is ready.
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