GM Europe: Negotiations for sale of Opel unit nearing completion

BERLIN — Negotiations for the sale of General Motors Corp.’s unit Adam Opel GmbH to Canadian autoparts maker Magna are progressing well and should soon be complete, the head of GM Europe said in remarks released Saturday.

Magna confident of concluding Opel deal by July 15

BERLIN — The head of Canadian auto parts maker Magna says he is confident a deal to take over carmaker Adam Opel GmbH will be completed by the middle of July.

German, UK economy ministers say more parties interested in Opel

BERLIN — German and British economy ministers met Thursday to discuss ways to save General Motors Corp.’s European assets, including examining new bids, in case a deal with Canadian car parts maker Magna International Inc. falls through.

Report: GM Europe chief aims for Opel profit before 2013

BERLIN — GM Europe’s president hopes that carmaker Opel will make a profit before 2013, the target that its prospective new investor has set, according to an interview published Thursday.

German states put final touches on deal with Magna on Opel, approving bridge financing

BERLIN — Two German states on Sunday agreed to support a euro1.5 billion ($2.11 billion) bridge loan for General Motors Corp.’s Opel unit, putting the final touches on a deal with Canada’s Magna International Inc. to acquire the automaker.

Germany’s Merkel welcomes plan for Magna to acquire GM’s Opel unit

BERLIN — General Motors Corp. will sell most of its Opel unit and other European assets to Canada’s Magna International Inc. in a deal German Chancellor Angela Merkel said Saturday would protect the assets from GM’s likely bankruptcy.

Germany’s Merkel welcomes plan for Magna to acquire GM’s Opel unit

BERLIN — General Motors Corp. will sell its Opel unit and other European assets to Canada’s Magna International Inc. in a deal German Chancellor Angela Merkel said Saturday would protect the assets from GM’s likely bankruptcy.

Deal reached for Magna to go forward with rescue of GM’s Opel

BERLIN — Germany’s finance minister said after a high-level meeting in Berlin that a plan was approved for Canadian auto parts maker Magna International Inc. to move ahead with a rescue of General Motors Corp’s Opel unit.

German economy minister says GM in talks with Magna on ‘new ideas’ for Opel

BERLIN — General Motors Corp. and Canadian auto parts maker Magna, a suitor for GM’s Opel unit, were negotiating Friday on “new ideas” from the bidder, Germany’s economy minister said as top officials gathered for more high-level talks on a rescue deal for Opel.

Top-level talks on Opel future in jeopardy after Fiat says it will not attend

BERLIN — A top-level meeting on a rescue plan for carmaker Opel was in jeopardy after Italy’s Fiat, one of two remaining bidders for the General Motors Corp. unit, said it would not attend in a dispute over financing, a spokesman for Chancellor Angela Merkel said Friday.

Report: German minister says Fiat, Magna bids for Opel both leave questions open

BERLIN — Germany’s economy minister was quoted as saying Saturday that questions remain over plans by both Fiat SpA and auto parts maker Magna International Inc. to invest in General Motors’ main European unit, Opel, and stressed that he is equally open to both suitors.

German Hesse state governor Koch meets Fiat CEO Marchionne to see bid for Opel

FRANKFURT — Fiat CEO Sergio Marchionne is meeting with the governors of two key German states as part of his bid to take over General Motors’ Opel subsidiary.