Talks Between German Government, Opel Investors Underway - Source
29 Mai 2009 - 9:29PM
Dow Jones News
Top-level talks between the German government and investors to
save General Motors Corp.'s (GM) Adam Opel GmbH from insolvency are
underway at the Berlin chancellory, a government source told Dow
Jones Newswires on Friday.
According to this person, representatives from General Motors
and Canadian auto-parts company Magna International Inc. (MGA) are
participating in the talks, which now center on a tentative
agreement struck between Magna and GM earlier in the day.
This tentative deal, details of which aren't yet publicly known,
was previously examined by high-level experts from the German
government.
Chancellor Angela Merkel, Finance Minister Peer Steinbrueck,
Economics Minister Karl-Theodor zu Guttenberg and Foreign Minister
Frank-Walter Steinmeier are now meeting with GM and Magna
representatives, the person said.
In addition, the state premiers of the German states in which
Opel operates plants are also at the meeting, the person said.
-By Beate Preuschoff, Dow Jones Newswires: +49 69 29 725 500;
djnews.frankfurt@dowjones.com