Fiat CEO Met German Governors Friday On Pan-European Project
08 Mai 2009 - 3:12PM
Dow Jones News
Fiat SpA's (F.MI) chief executive Friday met with premiers of
two German states to explain Fiat's plans to buy General Motors
Corp. European assets to create one of the world's largest
automakers.
"The purpose of his visit is to explain directly the rationale
and the advantages of the pan-European project within the context
of the European cultural tradition," a Fiat spokesman said.
Earlier Friday, the governor of the German state of Hesse,
Roland Koch, reiterated that he wants a basic decision on the
purchase of GM German unit Adam Opel AG this month. Koch met with
Marchionne earlier Friday, and urged him to submit an offer to a
bank selected by Opel in the shortest time possible, Koch's office
said in a statement.
The Fiat spokesman said he had no details about when Fiat could
submit such an offer.
The spokesman couldn't provide details about any plans to resume
discussions with German government officials.
-By Jennifer Clark, Dow Jones Newswires; 39 02 58 21 9904;
jennifer.clark@dowjones.com