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GM to unveil Opel decision

General Motors was set to end months of suspense over the fate of its Opel unit on Thursday and announce whether it plans to sell the European carmaker to one of two rival bidders.

GM to end months of suspense, unveil Opel decision

General Motors was set to end months of suspense over the fate of its Opel unit on Thursday and announce whether it plans to sell the European carmaker to one of two rival bidders.

Opel trustees set to decide on Opel today: source

The Opel trustees are set to make a decision on Thursday about the future of General Motors' European business should GM decide to sell it to an investor, a source close to the matter told Reuters.

German union leader warns of mass protest on Opel

Opel workers are preparing mass protests if its parent General Motors fails to pick Canada's Magna as the buyer for the European carmaker, a labor leader said ahead of a news conference scheduled for Thursday.

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Berlin wants money back if GM keeps Opel

Germany's government would expect General Motors [GM.UL] to repay a 1.5 billion euro ($2.2 billion) state loan if the carmaker calls off the sale of its Opel unit following a board meeting on Wednesday, German Finance Minister Peer Steinbrueck said.

FAW to contribute financing to Saab deal: report

Chinese automaker FAW is set to help finance luxury sportscar maker Koenigsegg's planned purchase of Saab Automobile GM.UL, a Swedish newspaper reported on Wednesday without disclosing its sources.

China's SAIC may take a passive stake in Saab-source

China's largest automaker SAIC Motor group (600104.SS) may take a passive stake in Saab Automobile [GM.UL] by teaming with luxury sportscar maker Koenigsegg, a source with knowledge of the situation said on Tuesday.

GM CFO expected to leave in shakeup: report

General Motors Co GM.UL Chief Financial Officer Ray Young is expected to leave the automaker as part of a shake-up of its finance operations, the Detroit News reported on Wednesday.

U.S. should consider trust for auto stake: panel

The Obama administration should consider a trust for its stake in U.S. auto companies to ensure rigorous independent management and facilitate a way out for taxpayers, a government watchdog found on Wednesday.

Koenigsegg inks deal with China's BAIC over Saab

State-run Beijing Automotive Industry Holdings will take a minority stake in Koenigsegg as part of the Swedish luxury carmaker's purchase of General Motors' Saab unit, in the latest push by a Chinese auto firm to secure a global footprint.

Mid-Day Minute - Sept 9

Despite Aid, Home Pain Continues; Obama's Stake Tonight; Inside Madoff's Home

Germany wants loan back if GM keeps Opel-FinMin

Germany expects General Motors to pay back a 1.5 billion euro loan made to help Opel if GM keeps its European unit, Finance Minister Peer Steinbrueck was quoted as saying in a newspaper interview published on Wednesday.

GM board weighs cost to keep Opel unit

The board of General Motors Co began meeting in Detroit on Tuesday as the German government stepped up pressure on the automaker to clarify its long-term plans for its European Opel operations.

UPDATE 1-GM board is told Opel costs could run higher

The cost to General Motors Co of keeping its European Opel unit could run $1.45 billion higher than the overly optimistic estimate prepared by the automaker in June, according to a report from a financial adviser presented to GM's board on Tuesday.

GM board meets, Germany presses for Opel deal

The board of General Motors Co met in Detroit on Tuesday as the German government stepped up pressure on the automaker to clarify its long-term plans for its European Opel operations.

Mid-Day Minute - Sept 8

Challenges of Slow Growth; Falling Tensions; Bottoming Airlines

GM board to review Opel options as pressure mounts

The board of General Motors Co convenes in Detroit this week for the second time since the automaker emerged from bankruptcy under mounting pressure to reach a deal on the future of its Opel business.

Swedish govt receives new Saab financing plans

Luxury sportscar maker Koenigsegg has presented the Swedish government with a new plan for financing its purchase of Saab Automobile GM.UL, a government official said on Monday.

China August car sales surge, set for 2009 record

China's passenger cars sales in August rose 90.18 percent from a year earlier, the China Association of Automobile Manufacturers said on Tuesday, paving the way for record sales for the full year.

Berlin wants clarity on Opel as GM board meets

The German government called for clarity from General Motors on its long-term plans for Opel should the U.S. carmaker reverse course this week and decide to keep its European business.

Berlin softens stance on GM keeping Opel

The German government seemed to soften its stance on the possibility of U.S. carmaker General Motors GM.UL scrapping plans to sell Opel and keeping the European carmaker instead when GM's board meets this week.

Tengzhong wants GM's Hummer despite setback: report

Chinese machinery maker Tengzhong is still working to close a deal with General Motors Co to buy the U.S. automaker's Hummer brand after a regulatory setback, Chinese media reported on Monday.

Daimler to beat $5.71 billion savings in 2009: paper

Daimler's (DAIGn.DE) chief executive told German newspaper Bild that the auto maker would perform better in 2010 and was set to achieve significantly more than 4 billion euros ($5.71 billion) in savings in 2009.

Truck demand stirs deep in the heart of Texas

Deep in the heart of Texas, a Chevy dealership is almost empty of super-sized trucks and full of promise for the battered U.S. auto industry.

Auto firms see India as small-car export factory

Global carmakers are lining up to make India, home of Tata Motors' (TAMO.BO) Nano, the world's cheapest car, a base for their export operations as they try to cut costs and move to compact, fuel-efficient vehicles.

Germany tells GM it wants Opel decision next week

Germany raised the pressure on General Motors on Friday to choose a buyer for its Opel unit, with Economy Minister Karl-Theodor zu Guttenberg telling the U.S. carmaker he expected a