Magna seeks stake in Opel
05-05-2009 | 08:51 AM
#1
Thread Starter
BRINGING IN THE NEWS!
Joined: Oct 2008
Posts: 388
Rep Power: 594 
Magna seeks stake in Opel
Canadian auto supplier Magna International Inc. confirmed Monday it is talking to General Motors Corp. and German officials about acquiring a minority stake in Adam Opel, the German carmaker that is the core of GM’s European operations.
The confirmation comes a day after Italy’s Fiat SpA said it was exploring the possibility of merging its auto business and interest in Chrysler with GM’s European operations to create a large automotive group with more than $100 billion in annual sales.
“There is no assurance that any transaction will result from Magna’s current involvement,” Magna said in a statement.
More...
The confirmation comes a day after Italy’s Fiat SpA said it was exploring the possibility of merging its auto business and interest in Chrysler with GM’s European operations to create a large automotive group with more than $100 billion in annual sales.
“There is no assurance that any transaction will result from Magna’s current involvement,” Magna said in a statement.
More...
Thread
Thread Starter
Forum
Replies
Last Post
Dr. E
Motorcycle Section
0
10-13-2007 05:25 PM
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)