Magna seeks stake in Opel - DodgeIntrepid.Net Forums - Dodge Intrepid, Concorde, 300m and Eagle Vision chat
 
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post #1 of 1 (permalink) Old 05-05-2009, 08:40 AM Thread Starter

 
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Post 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.



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