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Fiat chief raises doubts about future of GM German operations
Published in Saudi Press Agency on 08 - 05 - 2009


Italian carmaker Fiat appeared to raise
fresh doubts today about its plans for parts of the German
operations of crisis-hit US carmaker General Motors if the group's
bid to buy GM's European auto offshoots succeeds, according to dpa.
Following a meeting between Fiat chief Sergio Marchionne and key
German political leaders, the premier of the west German state of
Rhineland Platz Kurt Beck said he was "greatly concerned" about the
operations of GM's German subsidiary, Opel.
Turin-based Fiat wants to build what would be the world's second
biggest auto group by taking out holdings in both the troubled US
automotive group Chrysler and GM's German and European operations,
which also includes Britain's Vauxhall.
But Beck said he now had "more doubts than before" about the
prospects for the Opel operations in the city of Kaiserlauten, where
1,100 workers are employed in a motor production unit.
Beck said he had sent a report of his meeting with Marchionne to
German Economics Minister Karl-Theodor zu Guttenberg and the leaders
of other German states where Opel has operations.
For his part, Marchionne said there was "still much to negotiate"
about the Opel site in Kaiserlauten, adding that everything was still
open.
Under Fiat's plans for Opel, motor production is to be
concentrated at one site.
Following talks with Marchionne, the premier of the German state
of Hesse, Roland Koch, where Opel is based, said he had called on
Fiat to provide concrete plans for Opel's future.
This is the second time in a week that Marchionne has visited
Germany having held talks with Guttenberg on Fiat's plans for Opel on
Monday.
In the meantime, however, Opel unions in Kaiserlauten also
signalled Friday resistance to Fiat proposals with the chief of the
workers' council Alfred Klingel telling the German Press Agency dpa
they would not go along with the Italian carmaker's plans.
But the battle for GM's European operations is far from over with
the Austrian-Canadian auto-parts supplier Magna International Inc
also launching a bid for Opel and media reports saying that Russian
automaker OAO GAZ Group is also weighing up a move on the GM German
unit.
US President Barak Obama has given GM until the end of the month
to present a restructuring plan or face insolvency.


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