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Magna Closing In On Opel- US-FOREX.US
The Adam Opel saga is finally coming to an end. Canadian auto parts supplier Magna has reached an agreement in principle with General Motors’ management over a contract to buy a stake in General Motors’ European unit Opel, according to reports.The news follows weeks of constant bickering between the bidders – including Italy’s Fiat and… »
Someones Feeling Lucky On Opel – US-FOREX.US
As Adam Opel, the struggling European arm of General Motors, runs out of time and options to find a buyer, it emerged on Monday that the investment fund RHJ International was aggressively seeking a deal to buy the firm.RHJ International has pledged to keep all of Opel’s German plants open and said it would also… »
Fiat Might Buy Opel Again – US-FOREX.US
Investors in Fiat grew excited on Tuesday about speculation that the Italian carmaker might return as a bidder for Adam Opel, the German company representing the bulk of General Motors’ European operations. General Motors is close to an agreement to sell Opel to the American private equity fund RHJ International, replacing the previously favored bidder,… »