Fiat S.p.A, Magna International and private equity firm RHJ have had access to the books of General Motors German unit Opel, two people familiar with the situation told Reuters on Friday.
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Russia's Sberbank is studying an offer to take part in a bidding process for German carmaker Opel, the bank's CEO said on Friday.
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Russia's Sberbank is studying an offer to take part in a bidding process for German carmaker Opel, the bank's CEO said on Friday.
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The European association - Euroda - of some 4,000 Opel/Vauxhall dealers has approved a proposal that they offer to invest in a future Opel/Vauxhall corporation
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Opel/Vauxhall dealers will meet with the German government and the bidders for the company next week after agreeing to raise 500 million euros ($677 million) to help the ailing automaker.
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Opel/Vauxhall dealers will meet with the German government and the bidders for the company next week after agreeing to raise 500 million euros ($677 million) to help the ailing automaker.
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Representatives from Opel's 4,000 dealers in Europe are expected to vote in favor of taking a direct equity stake in the ailing German carmaker when they meet in Vienna on Friday.
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Representatives from Opel's 4,000 dealers in Europe are expected to vote in favor of taking a direct equity stake in the ailing German carmaker when they meet in Vienna on Friday.
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Germany's hunt for a partner for General Motors' Opel unit has boiled down to two rival groups and the government wants both Fiat and Magna International to present a full plan within a week.
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Germany's hunt for a partner for General Motors' Opel unit has boiled down to two rival groups and the government wants both Fiat and Magna International to present a full plan within a week.
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Germany's hunt for a partner for General Motors' Opel unit has boiled down to two rival groups and the government wants both Fiat and Magna International to present a full plan within a week.
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The German government wants more detailed concepts in the next week from the two rival groups interested in investing in Opel, economy minister Karl-Theodor zu Guttenberg was cited as saying today (14 May).
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Germany's hunt for a partner for General Motors' Opel unit has boiled down to two rival groups and the government wants both Fiat and Magna International to present a full plan within a week.
Full story...
Germany's hunt for a partner for General Motors' Opel unit has boiled down to two rival groups and the government wants both Fiat and Magna International to present a full plan within a week.
Full story...
The redesigned Opel Astra shares design cues with the Opel Insignia -- the reigning European Car of the Year.
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The redesigned Opel Astra shares design cues with the Opel Insignia.
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German government ministers will on Thursday discuss possible bridge financing for carmaker Opel until a partner for the General Motors' unit is found, government sources said.
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German government ministers will on Thursday discuss possible bridge financing for carmaker Opel until a partner for the General Motors' unit is found, government sources said.
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German government ministers will on Thursday discuss possible bridge financing for carmaker Opel until a partner for the General Motors' unit is found, government sources said.
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German government ministers will on Thursday discuss possible bridge financing for carmaker Opel until a partner for the General Motors' unit is found, government sources said.
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