Three bids to revive an ailing car maker

By Melissa Eddy | May 21, 2009, Thursday |

Print Edition

AT least three bids were submitted to the German government yesterday from suitors interested in acquiring or taking a stake in the ailing Adam Opel GmbH, a General Motors Europe spokesman said.

Chris Preuss, a spokesman for the Zurich-based auto maker which owns Opel, told The Associated Press that the bids had been received but did not identify who had filed them.

So far, Italian auto maker Fiat SpA has not been shy about courting Opel, with its Chief Executive Sergio Marchionne visiting Germany several times in recent days to meet with state and union leaders at the car maker's four plants.

Fiat wants to wrap GM Europe, including Opel, into a global car-making powerhouse along with Chrysler LLC.

Canadian auto parts maker Magna International has also said it is considering a stake in the car maker, as has the association representing Opel dealers. On Friday the European Opel Dealer Association endorsed a plan for a minority stake of up to 20 percent by investing 500 million euros (US$682 million).

Auto

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Three bids to revive an ailing car maker

Email this to your friend