News
German government backs Opel rescue deal
edition.cnn.com
[CNN International] - German Foreign Minister Frank-Walter Steinmeier called it a "responsible solution" that would preserve the highest number of jobs. Under the terms of the deal, supplier Magna will have a 20 percent stake in GM Europe, an arm of General Motors, ...
Opel rescue raises hopes, but Merkel warns of challenges
www.bakersfieldnow.com
[Bakersfield Now] - Let's say there is a 60- or 70-percent chance that it won't work," said Juergen Pieper, an automotive expert at Metzler bank. Frank Schwope, from NordLB bank said the Canadian-Russian investors predicted that Opel would be "insolvent in two or three ...
Google News: Germany mulls new Opel takeover plan
[Times of the Internet] - Magna has teamed up with Russia's top bank, state-controlled Sberbank, for a bid that would see precious metals tycoon Oleg Deripaska's truck company GAZ making Opel vehicles in Russia. It has been seen as the front runner in the race to win Opel from ...
Steinmeier-Opel issues not resolved but optimistic
www.reuters.com
[Reuters] - "I think we have gotten to the point where the logjam can be broken," Steinmeier told reporters in Berlin. He added he was confident an agreement could be reached. (Reporting by Gernot Heller; writing by Erik Kirschbaum)
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