Germany could send a negotiation team to the United States at the end of the week to discuss solutions for General Motors
Guttenberg has said Germany
is discussing plans with U.S. partners about a trustee arrangement if
GM were to file for bankruptcy before a deal had been reached on a
partner for Opel. The trustee idea has met some resistance in the
(I'm) optimistic in principle, Guttenberg told reporters in Munich, referring to talks on the trustee idea.
German government has made finding offers by investors a precondition
for a trustee arrangement and has given interested parties until
Wednesday to submit their offers for the carmaker.
Sources have told Reuters that Italian carmaker Fiat
have had access to Opel's books. However, it was not clear whether U.S.
private equity firm Ripplewood's European arm RHJ would decide to bid
as well, the sources said.
Guttenberg said he expected offers from Fiat and Magna, but did not say whether there were other interested parties.
We have to see what happens on Wednesday, he said.
Fiat wants a three-way merger with Chrysler
said on the weekend Opel could go bankrupt if the competing business
plans for the carmaker from Fiat and Magna were both unsuitable.
German government has outlined an idea whereby a trustee could protect
Opel assets from GM creditors while a consortium of banks could provide
Opel with bridge financing, until another investor takes it over.