German Economy Minister says Opel deal still hangs in balance - by Sarabjit Heera
According to the German newspaper Westdeutsche Allgemeine Zeitung (WAZ), the Economy Minister of the country has said that the decision pertaining to finalizing a bid for the German carmaker Opel still hangs in balance. Going by a Monday statement in the paper, Karl-Theodor zu Guttenberg has said: “I acknowledge Magna's ambitious goal, wanting to sign a contract by mid July. However, there still seem to be some unanswered questions.” Guttenberg added that as per the phase at present, “everyone is free to place offers.” Guttenberg’s comments apparently cam in response to a statement by the General Motors’ Europe President Carl-Peter Forster, who informed another German newspaper that, very soon, he expects selling Opel to the Canadian auto parts supplier Magna.
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