Fiat: No Comment On Report To Take Majority Stake In Opel
23 April 2009 - 12:23PM
Dow Jones News
Italian car marker Fiat SpA (F.MI) Thursday declined comment on
a report in German magazine Der Spiegel saying Fiat will acquire a
majority stake in Germany's Adam Opel GmbH.
A spokeswomman for Opel, a European unit of General Motors (GM),
declined to comment on the speculation.
The report says that Fiat will sign a memoradum of understanding
for the acquisition on Tuesday. Further, the report quotes an Opel
employee representative as saying he would fear "a dramatic
reduction in Opel jobs and the closure of factories in
Germany."
Magazine Web site: http://www.spiegel.de
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.