Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Nigerian lawmakers seek to reduce president's powers

Read more

MEDIAWATCH

Trump's transgender backlash

Read more

THE DEBATE

The Battle for Venezuela: Pressure mounting on Maduro ahead of sunday's vote

Read more

ENCORE!

Actress Helen Mirren on TV honours and tackling sexism

Read more

FOCUS

Teething problems for French President Macron's party

Read more

THE INTERVIEW

Libya's Haftar vows to deal with terrorists 'through weapons'

Read more

INSIDE THE AMERICAS

USA: Fierce battle over Kentucky's only abortion clinic

Read more

IN THE PAPERS

'Socks and selfies deep': Canadians slam Rolling Stone's Trudeau tribute

Read more

IN THE PAPERS

Panda-monium! French zoo awaiting rare panda birth

Read more

Business

Fiat plan would shut down factories all over Europe, says report

Latest update : 2009-05-08

A takeover of Opel by Italian carmaker Fiat would entail the closure of factories in Germany, Italy, Britain and Austria, according to a document reportedly submitted to the German government by Fiat.

AFP - Italian auto group Fiat could shut down factories across Europe if it succeeds in its bid to take over Germany's Opel, according to a document released on Thursday.
  

The document, submitted to the German governnment by Fiat and cited by Dow Jones Newswires and German daily Handelsblatt, said it could close sites in Germany, Italy, Britain and Austria if it took over Opel.
  
Fiat is trying to gain control of Opel, the European subsidiary of struggling US car maker General Motors, after taking a stake in another US giant, Chrysler, which filed for bankruptcy last week.

Date created : 2009-05-07

COMMENT(S)