Economy Minister Karl-Theodor zu Guttenberg said on Sunday Italian automaker Fiat S.p.A. -- and any investor -- must present a solid long-term strategy to keep Opel plants open to obtain German government support.
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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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Fiat CEO Sergio Marchionne, who forged an alliance with Chrysler two days ago, will meet on Monday with members of the German government to talk about an offer to buy General Motors' Opel unit.
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Fiat CEO Sergio Marchionne, who forged an alliance with Chrysler two days ago, will meet on Monday with members of the German government to talk about an offer to buy General Motors' Opel unit.
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The government of Belgium's northern Flanders region has made a new offer to GM to save the company's Opel plant in Antwerp.
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Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel.
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The works council head of Opel -- General Motors' struggling German unit -- said parties other than Fiat S.p.A. and Canadian-Austrian supplier Magna International were keen on investing in the German carmaker.
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The works council head of Opel -- General Motors' struggling German unit -- said parties other than Fiat S.p.A. and Canadian-Austrian supplier Magna International were keen on investing in the German carmaker.
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Fiat CEO Sergio Marchionne has come clean and told an Italian newspaper that Opel could be a perfect partner for Fiat.
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Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel. "Now we have to concentrate on Opel.
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Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel. "Now we have to concentrate on Opel.
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Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel. "Now we have to concentrate on Opel.
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Russian oligarch Oleg Deripaska has denied an interest in taking a big stake in Opel according to a report in Handelsblatt.
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Magna chief executive Frank Stronach has said the firm has no plans for a direct stake in Opel.
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Austrian-Canadian car parts maker Magna International wants to help Opel but it is too early to say what role it will play, Magna founder Frank Stronach said in a newspaper interview on Wednesday. "We don't see ourselves as a white knight.
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Austrian-Canadian car parts maker Magna International wants to help Opel but it is too early to say what role it will play, Magna founder Frank Stronach said in a newspaper interview on Wednesday. "We don't see ourselves as a white knight.
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He may be fuelled by Marlboro rather than the sun's rays, but Fiat CEO Sergio Marchionne is seen as the ailing auto industry's own Superman, with ambitions to acquire both Chrysler and Opel. Mark Bursa reports
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Canadian partsmaker and contract vehicle assembler Magna has broadly outlined an offer to take control of Opel, German economy minister Karl-Theodor zu Guttenberg said.
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Austrian-Canadian supplier Magna International is seeking to obtain majority control of General Motors' Opel unit through direct and indirect stakes, a regional state leader said on Tuesday.
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Fiat S.p.a. and Magna International Inc. are emerging as rival bidders for a significant stake in General Motors' Opel/Vauxhall subsidiary.
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