GM and Magna close to agreement on Opel

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/CTBPCC/L7UY5/BHB56R/UT72Y/   Breaking news Friday May 29 2009 Breaking News   GM and Magna close to agreement on Opel General Motors and Magna are close to signing a memorandum of understanding that will unlock €1.5bn ($2.1bn) worth of emergency German government bridge financing and save Opel from probable insolvency. A person familiar with the talks said the Canadian parts supplier had agreed to provide short-term financing worth some €300m needed to keep Opel afloat, which Germany had been loath to provide, and which on Friday prompted Fiat to walk away from the rescue talks. http://link.ft.com/r/CTBPCC/5PSOY/77SE1/PM4J6/UIVM9/W1/h Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds © THE FINANCIAL TIMES LTD 2009 ABOUT THIS EMAIL You have received this email because you have signed up for this keyword/company alert on FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.