Two companies vie for Opel’s future

Two groups remain in the hunt to take over carmaker Opel from the umbrella of General Motors’ European operations: Canadian-Austrian supplier Magna and Italian car company Fiat The German government met Wednesday to discuss the future of the carmaker. The chief concern is to make sure the car company does not become embroiled in the bankruptcy protection proceedings of parent company GM.

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Germany considers carmaker Opel’s future

The German government plans to meet Wednesday night to discuss the future of carmaker Opel and weigh bids for the General Motors subsidiary. A spokesman for the German chancellor’s office said he did not expect a final decision on Opel to be made Wednesday. “It’s just to check the offers of the investors, then to see how we can go on,” said the spokesman, who declined to be named

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