Russian carmaker GAZ is reviewing an invitation to join a group bidding for General Motors' European business, center around Opel, a German newspaper reported citing a GAZ spokesman.
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Russian carmaker GAZ is reviewing an invitation to join a group bidding for General Motors' European business, center around Opel, a German newspaper reported citing a GAZ spokesman.
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Russian carmaker GAZ is reviewing an invitation to join a group bidding for General Motors' European business, center around Opel, a German newspaper reported citing a GAZ spokesman.
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Russia's Sberbank and GAZ Group are joining Magna in talks to buy a controlling stake in General Motors' Opel unit, Russian media reported on Tuesday.
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Magna International has confirmed it was in talks with General Motors and German government officials about possibly taking a minority stake in GM's Opel unit but stressed there was no assurance that any transaction would result from the talks.
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Fiat plans to keep all German Opel plants open should its GM Europe takeover plans succeed but would cut the number of workers, Fiat chief executive Sergio Marchionne has said.
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The senior labor leader of General Motors' Opel unit, Klaus Franz, said Fiat's proposed takeover of GM's European business will lead to factory closures in England and Italy.
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The senior labor leader of General Motors' Opel unit, Klaus Franz, said Fiat's proposed takeover of GM's European business will lead to factory closures in England and Italy.
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The senior labor leader of General Motors' Opel unit, Klaus Franz, said Fiat's proposed takeover of GM's European business will lead to factory closures in England and Italy.
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Social cost could trip up Fiat chief executive Sergio Marchionne's plans to merge his firm with Opel, then spin off and list the merged entity.
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Magna International would only seek to buy 20 percent or less of General Motors' Opel unit, Magna chairman and owner Frank Stronach was quoted as saying on Tuesday.
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Magna International would only seek to buy 20 percent or less of General Motors' Opel unit, Magna chairman and owner Frank Stronach was quoted as saying on Tuesday.
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German Economy Minister Karl-Theodor zu Guttenberg cautioned against waiting too long to settle on a bidder for General Motors unit Opel, saying a decision could come this month.
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Magna International said on Monday it was in talks with General Motors and German government officials about possibly taking a minority stake in GM's Opel unit.
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Magna International would only seek to buy 20 percent or less of General Motors' Opel unit, Magna chairman and owner Frank Stronach was quoted as saying on Tuesday.
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Magna International said on Monday it was in talks with General Motors and German government officials about possibly taking a minority stake in GM's Opel unit.
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The German government has set out 14 conditions to decide whether to provide financial help for Opel's future owners, the Financial Times reported on Monday.
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The German government has set out 14 conditions to decide whether to provide financial help for Opel's future owners, the Financial Times reported on Monday.
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Fiat CEO Sergio Marchionne believes he could save 1 billion euros a year from merging his operations with General Motors' European operations.
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A Fiat S.p.A. purchase of General Motors' Opel unit would be "an extraordinary opportunity" for the Italian automaker, Fiat's chairman said in an interview published Sunday.
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