Rumors have been circulating for the last few days now that Fiat is close to inking a deal for a majority stake in General Motors Opel/Vauxhall brands, but neither automaker has confirmed those reports. However, a German official has spoken behalf on all parties involved, revealing Fiat is on the short list of suitors for Opel/Vauxhall.
Roland Koch, the governor of the German state of Hesse, revealed to The Detroit News that “Magna (an Ontario, Canada-based automotive firm) and Fiat have joined this list of possible partners†for Opel/Vauxhall.
No other details were given about the negotiations, but it is now clear that Fiat is vying for a majority stake in Opel and its sister Vauxhall brand. Some reports have suggested a deal could be reached within the next week.
The confirmation also puts into question Fiat proposed alliance with Chrysler . The two automakers have just one week to finalize a deal or Chrysler will likely be forced in Chapter 7 liquidation.
