German Chancellor Angela Merkel expressed her regret at General Motors' failure to choose a buyer for its German unit Opel, and said that a decision was urgently needed for the carmaker's future.
German politicians reacted angrily on Saturday to the failure of carmaker General Motors to choose a buyer for its German unit Opel, prompting an appeal to the United States government to help broker a solution.
Carmaker General Motors should be able to agree on a buyer for its German unit Opel despite failing to make a decision on Friday, Germany's Economy Minister Karl-Theodor zu Guttenberg was quoted as saying on Saturday.
General Motors Co said on Friday its board had not picked a winning bidder for Opel after convening to discuss the automaker's options, leaving the fate of its German unit still uncertain after months of high-stakes negotiations.
Bernanke clear on recovery, Slump seems like near end, 3 years for ex-UBS banker
General Motors is leaning toward picking Canada's Magna International and its Russian partners -- Germany's favored suitors -- as preferred buyers for the Opel business in Europe, sources close to the matter said on Friday.
U.S. Federal Reserve chief Ben Bernanke on Friday offered his clearest signal yet that he thinks a global recovery is at hand, but warned growth would be sluggish and unemployment stubbornly high.
General Motors is leaning toward picking Canada's Magna International and its Russian partners -- Germany's favored suitors -- as preferred buyers for the Opel business in Europe, sources close to the matter said on Friday.
The euro zone economy probably crawled back to growth this quarter after its worst recession on record as firms' outlook for the future brightened to the best in more than two years, key surveys showed on Friday.
Iran has allowed U.N. nuclear inspectors access to a reactor under construction after blocking visits for a year, and has let them upgrade monitoring at another site ahead of a crucial report on its atomic program.
General Motors is moving closer to picking Germany's favored buyer, Magna International and its Russian partners, for its Opel business when GM's board meets on Friday, sources close to the matter said.
Suntech Power Holdings Co Ltd posted a higher-than-expected second-quarter profit on Thursday but trimmed its full-year forecast for shipments and said prices on solar panels were still falling sharply, sending shares down 3 percent.
COLOGNE, Germany - Films and videogames would seem a match made in heaven, so why are games based on hit movies so bad? Despite sharing the same demographic of devoted fans, action, sci-fi and fantasy films rarely translate into branded videogame hits.
The fate of Opel hangs in the balance as General Motors is poised to pick a buyer for the European carmaker after months of negotiations.
Upbeat manufacturing data and weak labor market numbers painted a mixed picture of the U.S. economy on Thursday, while economists forecast it is recovering more robustly than expected from its worst recession in 70 years despite worries about a double-dip recession.
Usain Bolt of Jamaica broke his own world record in the 200 meters at the World Championships in Berlin 2009 on Thursday.
Porsche's former CEO Wendelin Wiedeking is being investigated by prosecutors as part of a probe into suspected market manipulation in Volkswagen shares.
German Chancellor Angela Merkel said she was skeptical that financial investor RHJ International would succeed in its bid for carmaker Opel a day before the board of General Motors was expected to announce its preference.
The heads of Canada's Magna (MGa.TO) and Russian partner Sberbank will meet their General Motors GM.UL counterpart on Thursday, a person close to the matter said, as decision time nears on the sale of GM's Opel business.
German Chancellor Angela Merkel's cabinet on Wednesday agreed a plan to get a million electric cars on Germany's roads by 2020 and transform the country into the world's top electric car market.
Luring new audiences by moving away from traditional gaming consoles is more crucial than ever as the downturn curbs consumer spending in a sector once seen as recession-proof, analysts and executives said.
The family of South African runner Caster Semenya who won the 800-meter race on the world championships Wednesday and is under a gender controversy, denied Semenya is a man.
