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Magna, Fiat are rivals for Opel

Last post Apr 29, 2009 12:31 PM by Audi Tastic. 1 replies.

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  • Magna, Fiat are rivals for Opel

    Apr 29, 2009 12:25 PM

    Fiat and Austrian engineering group Magna have officially emerged as the main bidders aiming to take a major stake in Opel/Vauxhall.

    After meeting with representatives of Magna, German economy minister Karl-Theodor zu Guttenberg said yesterday that both firms have presented draft proposals to acquire a large stake in Opel/Vauxhall.

    Vauxhal is safe, says GM

    Despite the fears of German gover...Read the full article

  • Re: Magna, Fiat are rivals for Opel

    Apr 29, 2009 12:31 PM

    Autocar:
    Magna’s bid to purchase a 50 per cent Opel/Vauxhall would be a joint venture with Russian billionaire Oleg Deripaska, owner of UK-based LDV vans.

    The same LDV vans that have filed for bancruptcy today? not the best credentials really?

    Can't get enough of that Volkswagen and Audi stuff...
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