German government officials met with General Motors' top negotiator on Tuesday, hoping to get answers on why the U.S. carmaker has so far failed to choose a buyer for its European unit, Opel.
General Motors' chief negotiator in the sale of Opel will on Tuesday meet a task force created by the German government to discuss the U.S. carmaker's plans for the European unit, a German politician said.
General Motors Co is considering a plan to raise funding to keep Opel as an alternative to selling the unit to Magna International , sources with knowledge of the deliberations said on Monday.
The Obama administration pledged on Monday to stay out of General Motors' choice of a buyer for its European Opel unit, while union leaders in Germany put more pressure on the U.S. automaker to make a decision.
General Motors Co is considering a plan to raise funding to keep Opel as an alternative to selling the unit to Magna International with financing from the German government, sources with knowledge of the deliberations said on Monday.
General Motors Co is considering keeping its Opel business in Europe instead of selling it by winning billions of dollars in aid from the U.S. and European governments, the Financial Times reported on Monday.
The Obama administration pledged on Monday to stay out of General Motors Co's choice of a buyer for its Opel unit in Europe as German union leaders put more pressure on the U.S. automaker to make a decision.
The Obama administration will not get involved in General Motors Corp.'s choice of a buyer for its Opel operations in Europe, an administration official said on Monday.
The German government sought to calm a growing transatlantic row over the fate of carmaker Opel on Monday as unions threatened
The Obama administration will not get involved in General Motors Corp.'s choice of a buyer for its Opel operations in Europe, an administration official said on Monday.
The board of General Motors Co declined on Friday to name Canada's Magna International as the winning bidder for Opel, leaving the fate of its German unit up in the air.
Opel labor leader Klaus Franz called on General Motors to pick a buyer for its European unit this week, and threatened spectacular measures if the U.S. group did not make a decision.
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.
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.
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 U.S. government said it will suspend its popular Cash for Clunkers auto rebates on Monday as the program's $3 billion budget runs dry, a month after it was launched.
The U.S. government said it will suspend its popular Cash for Clunkers auto rebates on Monday as the program's $3 billion budget runs dry, a month after it was launched.
The U.S. government said it will suspend its popular
The U.S. government said it will suspend its popular Cash for Clunkers auto rebates on Monday as the program's $3 billion budget runs dry, a month after it was launched.