Fiat and Magna have already outlined their bids for General Motors’ Opel division but the German ministry today pressed the Opel suitors to improve their bids. Fiat and Magna are among three remaining Opel suitors with the last being RHJ International.
According to Automotive News, the German ministry urged the remaining Opel bidders to assume a greater portion of risk and ensure more Opel jobs will remain intact. “There’s no favorite,” Economy Minister Karl-Theodor zu Guttenberg told Automotive News. “Everyone knows that improvements are still necessary.”
Zu Guttenberg acknowledged Fiat’s Opel offered “looked serious” but added Magna and RHJ were still in the running for the German automaker.
All three companies have been meeting with Opel representatives over the last few days with negotiation expected to heat up this week. The U.S. government has set a June 1 deadline for GM to restructure or face bankruptcy, with a decision on Opel likely to be made before that.
05/26, 1:00 PM
posted by:
fan
now this is a country that will not blow out tax-money on unfeasible ideas… wish our govt would have done the same…
05/26, 1:05 PM
posted by:
Borat
fan, they started 2 wars, so reference of German government being responsible is highly optimistic. And don’t forget Stasi, employing 70% of East German population. I truly believe that they will screw up so bad, that our government will be braniacs in comparison.
05/26, 1:40 PM
posted by:
spg900
FAN, your government would be damned if they did , damned if they didn’t. BORAT, the last war started 70 years ago! I think it;s time to move on.
05/26, 1:56 PM
posted by:
shaver
All I can picture is the brothers from Beerfest arguing over wether they should have brought Deutchsmarks or Euros.
05/26, 1:58 PM
posted by:
Terrence the Terrific Train No.3
Borat,
I believe the correct spelling is “brainiacs”.
“Braniacs” could be a good name for a high-fiber cereal.
05/26, 2:25 PM
posted by:
Borat
^^^^^^^or government bureaucrats
05/26, 2:28 PM
posted by:
Borat
shaver, you can’t find or exchange Deutchsmark any longer. I think I hold the last 500. They are gone out of circulation 7 years ago.
05/26, 3:27 PM
posted by:
fan
well, borat: last war started by germany: 70 years ago
last war started by the US-Gov: 6 years ago and still going on…
i dont think the united states should be so arrogant as to say they never did anything wrong… think of slavery, think of killing and diving out the indians, think of the war on “terror”, which ends up more and more as a war on civilians, while the actual terrorists are still free…
oh, and btw… the german governmental system is by far not the same as it was 70 years ago… much unlike the US-governmental system… which is still very much the same since…
what im saying is: dont blame countries (or people at that instant) for mistakes or crimes they commited in the past, if they do well today… and at that point, the german government does better by far than ours…