Chrysler in Hand, Fiat Turns to Opel
Fiat SpA Chief Executive Sergio Marchionne is stepping up his plan to acquire a majority stake in General Motors Corp.'s German unit Opel, the next phase of his ambitious campaign to forge one of the world's biggest auto makers by crafting a three-way alliance among Fiat, Chrysler and Opel. Mr. Marchionne is expected to meet senior German government officials in Berlin on Monday, according to people familiar with the matter, in an attempt to get their support for a potential alliance with Opel. Mr. Marchionne signed a partnership with Chrysler LLC in Washington last week. Fiat's board of directors met Sunday and authorized Mr. Marchionne to seek a potential merger between Fiat and GM's European operations, including Opel and its U.K. unit Vauxhall, according to a statement issued by Fiat on Sunday. If a deal is reached, Fiat will consider creating a new publicly traded company that combines the auto maker's car unit, Fiat Group Automobiles, with GM's European operations, the statement said.
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