Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

#WeAreHere: "Ghost" Soldiers of the Somme

Read more

EYE ON AFRICA

Liberia UNMIL mission: UN to hand security control to government

Read more

THE WORLD THIS WEEK

Chaos and confusion after Brexit, Istanbul Airport attack (part 2)

Read more

THE WORLD THIS WEEK

Bitter Divorce: Chaos and confusion after Brexit (part 1)

Read more

DOWN TO EARTH

Extinction crisis: Saving the planet's species from an irreversible fate

Read more

#THE 51%

Unlocking the code: Women refugees offered classes in coding

Read more

#TECH 24

Viva Technology!

Read more

ENCORE!

Marcia Gay Harden, a down-to-earth Hollywood star

Read more

YOU ARE HERE

France’s Camargue region and its herdsmen

Read more

Business

Fiat submits its bid for Opel and Vauxhall

Latest update : 2009-05-20

Italian carmaker Fiat has submitted its bid for both of General Motors' subsidiaries Opel and Vauxhall, according to the company's spokesman. The US auto giant is expecting to receive two further offers for Opel.

AFP - Fiat on Wednesday made a formal offer to take over Germany's Opel and Britain's Vauxhall, two European subsidiaries of US auto giant General Motors, a spokesman for the Italian company told AFP.
  
"We have made our offer. It concerns the activities of Opel and Vauxhall. If the deal goes ahead, it will create a new company including Fiat Group Auto, its stake in Chrysler and Opel/Vauxhall," the spokesman said.
  
The Fiat spokesman did not add further details but added that Fiat was also interested in GM's Swedish unit Saab but that "that is a separate negotiation."
  
Bids for Opel were to be presented by 6 pm (1600 GMT) on Wednesday under a deadline set by the German government, which has promised loan guarantees for investors.

Date created : 2009-05-20

COMMENT(S)