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Opel talks break down in Berlin

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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-28-09 09:09 AM
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Opel talks break down in Berlin
Source: BBC News

All-night talks in Berlin about the future of Opel and Vauxhall have broken down without reaching a decision about who should buy GM's European unit.

Officials blamed the delays on the revelation that Opel would need an extra 300m euros ($415m; £260m) in short-term funding.

The German government wanted more information from GM and the US Treasury before choosing a preferred bidder.

But one of the bidders has pulled out, leaving Fiat and Canada's Magna

Read more: http://news.bbc.co.uk/1/hi/business/8071268.stm
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