Israel-Hezbollah ceasefire comes into effect    Five survivors found day after Red Sea tourist boat sinking    Imran Khan supporters pushed back by security forces    Russia launched a record number of almost 200 drones toward Ukraine    King Salman calls for rain-seeking prayer on Thursday    Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Finance minister: All Vision 2030 projects have sustainable funding that won't affect public finances    Crown Prince announces medium-term debt strategy to diversify funding sources "A resilient economy capable of overcoming challenges reflects progress towards achieving Vision 2030 goals"    Riyadh Season draws 8 million visitors in 6 weeks    Alkhorayef highlights role of National Initiative for Global Supply Chains in boosting Saudi economy    Saudi Arabia signs investment deals worth SR35bn with foreign firms to strengthen global supply chains    Saudi Arabia unveils updates on Expo 2030 Riyadh master plan at 175th BIE General Assembly Riyadh Expo Development Company established to oversee strategic planning, operations, and legacy development    Saudi FM attends Quadripartite meeting on Sudan in Italy    Best-selling novelist Barbara Taylor Bradford dies    Cristiano Ronaldo's double powers Al Nassr to 3-1 win over Al Gharafa in AFC Champions League    Al Ahli edges Al Ain 2-1, bolsters perfect start in AFC Champions League Elite    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Do cigarettes belong in a museum?    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



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.


Clic here to read the story from its source.