Reports: Fiat Head To Discuss Opel Takeover (ap)

admin | May 2, 2009, 4:00 | No Comments »

FILE - In this Sept. 23, 2008 file photo, the emblem of Fiat is pictured on a commercial vehicle at the 62st IAA International Motor Show Commercial Vehicles in Hanover, northern Germany. Italian automaker Fiat Group SpA will sign paperwork to become a partner with Chrysler LLC by Thursday, April 30, 2009, according to three people briefed on the deal. The partnership is the last piece of a huge restructuring plan needed to keep Chrysler alive as it approaches Thursday's government deadline to cut labor costs, slash debt and take on a partner. (AP Photo/Joerg Sarbach, File)AP – The head of Italian carmaker Fiat SpA, which is in the process of acquiring U.S. automaker Chrysler, is continuing talks with German officials about a possible takeover of General Motor’s Opel unit, according to media reports Saturday.

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