Fiat to bid for Opel
05-05-2009
The chief executive of the Italian car manufacturer, Fiat, is to outline plans later today for a possible take-over of the rival carmaker, Opel, in a move intended to create a new European car giant.
The Fiat chief, Sergio Marchionne, is expected to propose to the German government a merger between his firm -- which is buying a stake in the US company, Chrysler -- and Opel, the German arm of General Motors
