Thursday, April 23, 2009

Fiat in talks to buy GM Europe

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FT.com
 All times are London time: Thursday Apr 23 2009

Breaking news
Fiat in talks to buy GM Europe
Fiat has expressed an interest in buying the European units of ailing US carmaker General Motors, according to German government officials.

Hendirk Hering, minister for the economy in the German state of Rhineland-Palatinate, confirmed on Thursday that Fiat and Canadian car parts supplier Magna International were among the interested investors for GM Europe, which includes the Opel and Vauxhall brands.

A spokesman for the government of Hesse, where Opel's headquarter is based, also confirmed this but cautioned that a decision was not imminent.

"There are a lot more interested investors than just Fiat and Magna," he told the Financial Times.
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