German economy minister Karl-Theodor zu Guttenberg is meeting senior representatives of Magna on Tuesday to discuss a possible investment in Opel.
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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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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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German Economy Minister Karl-Theodor zu Guttenberg is meeting senior representatives of Magna on Tuesday to discuss a possible investment in Opel. A ministry spokesman said the two parties would discuss the Austrian-Canadian firm's ideas.
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German politicians would rather Magna take over Opel while Fiat would keep all four German Opel sites in production, though not necessarily at current levels, media reports said on Monday.
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General Motors is expecting that talks with potential investors in its European Opel/Vauxhall unit will continue into May.
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General Motors expects to continue talks with potential investors for its Opel/Vauxhall unit through early May, CEO Fritz Henderson said today. Henderson said GM is still talking with several potential investors in the brands.
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General Motors expects to continue talks with potential investors for its Opel/Vauxhall unit through early May, CEO Fritz Henderson said today. Henderson said GM is still talking with several potential investors in the brands.
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General Motors expects to continue talks with potential investors for its Opel/Vauxhall unit through early May, CEO Fritz Henderson said today. Henderson said GM is still talking with several potential investors in the brands.
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Opel's German factories would keep operating and the General Motors subsidiary would not be burdened with Fiat's large debt if the rival European automakers form a partnership, the online version of German news magazine Der Spiegel reported...
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Opel's German factories would keep operating and the General Motors subsidiary would not be burdened with Fiat's large debt if the rival European automakers form a partnership, the online version of German news magazine Der Spiegel reported...
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German Economy Minister Karl-Theodor zu Guttenberg said on Saturday that Austrian-Canadian auto parts supplier Magna International is a potential investor in General Motors' struggling German unit Opel.
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This week's news highlights can be easily summarised: Q1 results (including Ford's better than expected numbers out today), Chrysler, Fiat, Marchionne, General Motors, Opel, Chapter 11 and Shanghai.
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The European Union's industry commissioner Guenter Verheugen drew a sharp rebuke from Fiat after questioning the company's ability to do separate deals with two other carmakers given its high debt level, The Italian news agency ANSA quoted Verheugen...
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Fiat is not commenting on German media reports that it wants a controlling stake in General Motors' Opel/Vauxhall unit but one thing is clear: the Italian automaker will not be giving GM any cash.
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Fiat is not commenting on German media reports that it wants a controlling stake in General Motors' Opel/Vauxhall unit but one thing is clear: the Italian automaker will not be giving GM any cash.
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Magna International would be welcome as an investor in General Motors' Opel unit, a senior labor leader who sits on Opel's supervisory board told German television, reiterating that Opel labor opposed the idea of letting Fiat take control.
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A German publication quoting anonymous sources announced in its latest edition that Italian automaker Fiat is reportedly on the verge of signing an agreement with General Motors to buy back some of its European operations, including Opel's.
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In today's News Brake: We get a glimpse of the new Dodge Viper ACR; Fiat is now wooing Opel; and Lola is thinking of getting back into Formula One ... But Wait, There's More!
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German chancellor Angela Merkel's government is becoming more willing to give General Motors' Opel a state guarantee if a private investor is found, local media reported on Thursday.
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