GM Europe: Talks On Selling Opel Near Completion

GM Europe: Negotiations For Sale Of Opel Unit Nearing Completion (AP) Negotiations for the sale of General Motors Corp.'s unit Adam Opel GmbH to Canadian autoparts maker Magna are progressing well and should soon be complete, the head of GM Europe said in remarks released Saturday. Carl-Peter Forster was quoted as telling the Frankfurter Allgemeine Zeitung that he hoped the sale of Opel to Magna International Inc. could be complete by mid-July. "It's only about the details," he was quoted as telling the FAZ, according to a copy of remarks released before their publication in the newspaper Sunday. "After the meeting between the heads of GM and Magna, I am extremely confident a comprehensive agreement can be reached," Forster said. Last week Magna chief executive Siegfried Wolf said his company "wants to come to an agreement by... [read full story]                    

powered by