The premier of Lower Saxony, Christian Wulff, spoke out against the German government taking a stake in Opel on Wednesday. "The state should not enter the business of building cars.
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German chancellor Angela Merkel told Opel workers she would help the automaker find an investor but stopping short of making concrete promises.
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General Motors' European business has laid the foundation for overcoming the German federal government's opposition to state aid for Opel, GM Europe's head Carl-Peter Forster said on Tuesday.
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Germany's Chancellor Angela Merkel today pledged to find a solution for General Motors's financially troubled Opel unit.
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There are private investors potentially interested in taking a stake in General Motors' German unit Opel, economy minister Karl-Theodor zu Guttenberg said.
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Germany's Deputy Chancellor Frank-Walter Steinmeier wants European governments to bail out General Motors' Opel brand by taking a stake of up to 29 percent in the struggling carmaker.
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German Economy Minister Karl-Theodor zu Guttenberg said today there are private investors potentially interested in taking a stake in General Motors' German carmaker Opel.
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Well more than 100 journalists are expected to head for Opel's key Rüsselsheim factory on 31 March when federal chancellor Angela Merkel, defence minister Franz Josef Jung and assorted Hessen state officials visit.
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General Motors' Opel unit faces a further two months uncertainty after President Obama's auto task force pledged to fund parent GM's operations only for the next 60 days.
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General Motors' Opel unit faces a further two months uncertainty after President Obama's auto task force pledged to fund parent GM's operations only for the next 60 days.
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Opel's senior labor leader, Klaus Franz, today welcomed Fritz Henderson as new CEO of parent General Motors. "The move was overdue," Franz said, referring to the resignation of the previous GM CEO Rick Wagoner.
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General Motors has mandated Commerzbank to help find a new investor for its Opel unit, a source said. A person with knowledge of the process told Reuters: "Commerzbank has received a mandate from GM."
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Germany's economy minister said on Sunday that there were a host of investors interested in General Motors' Opel unit, but warned they could not expect Berlin to assume all the financial risks linked to the company.
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Germany's economy minister said on Sunday that there were a host of investors interested in General Motors' Opel unit, but warned they could not expect Berlin to assume all the financial risks linked to the company.
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General Motors has mandated Commerzbank to help find a new investor for its Opel unit, a source said. A person with knowledge of the process told Reuters: "Commerzbank has received a mandate from GM."
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The German scrappage bonus has triggered a boom in demand for Opel, the struggling German unit of General Motors that is looking for a new investor. "We forecast some 120,000 customer orders in the first quarter of 2009.
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Germany doesn't want to own a slice of Opel but might help it survive, chancellor Angela Merkel has said.
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German Economy Minister Karl-Theodor zu Guttenberg said on Saturday he was talking to potential investors in General Motors' Opel unit, rejecting a media report saying there were no serious bidders yet.
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The German government is not aiming to take a stake in troubled carmaker Opel, but may give the General Motors' unit aid to help it survive, Chancellor Angela Merkel said on Sunday.
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Labor leaders at troubled German carmaker Opel would oppose a takeover by an investor who was only interested in getting its hands on the company's technical expertise, works council boss Klaus Franz said.
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