Timeline: Twists and turns in Opel's ownership
(Reuters) - General Motors is considering putting European arm Opel up for sale again, two German magazines reported.
Following is a timeline of key recent events at GM and Opel, which was founded in 1863 and bought by the U.S. group in 1929:
June - GM files for bankruptcy.
July - GM emerges from bankruptcy, majority owned by the U.S. government and saying it would focus on four core brands.
September 10 - GM agrees to the sale of a 55 percent stake in Opel to a group led by Canada's Magna International Inc.
November 3 - GM reverses decision and instead says it will keep control of Opel.
November 23 - New Opel chief Nick Reilly says it will cost 3.3 billion euros to rehabilitate the unit.
February 9, 2010 - Opel asks Germany for 1.5 billion euros in state aid to fund 4,000 job cuts.
March 2 - GM says it will triple its funding of Opel to 1.9 billion euros in equity and loans and cut its request for state aid, in a bid to win over European governments. It increases its funding estimate for Opel to just over 3.7 billion euros.
March 12 - Britain says it will provide a 270 million pound loan guarantee to help safeguard the company's Vauxhall operations in Britain and other operations in Europe.
April 30 - GM says it expects to incur costs of 400 million euros for termination benefits covering workers at the Antwerp, Belgium plant it could close by the end of 2010.
May 7 - Reilly says he is hoping Germany would guarantee 90 percent of just 1.3 billion euros in loans after talks with other European governments yielded more help than expected.
June 7 - Spain and the Aragon regional government will provide Opel with 300 million euros in aid.
June 9 - German Economy Minister Rainer Bruederle rejects Opel's request for Berlin to backstop 1.1 billion euros ($1.5 billion) of its borrowing.
June 16 - Opel withdraws all requests for aid from European governments.
October 4 - GM confirms Opel plant in Antwerp will close at the end of 2010.
June 9 - Auto Bild and Spiegel Online say possible buyers for Opel may be Chinese carmakers or Volkswagen, which has a war chest of almost 20 billion euros.
(Writing by Michael Shields and Maria Sheahan; Additional writing and editing by David Cutler, London Editorial Reference Unit; Editing by David Holmes)
WASHINGTON - A bipartisan budget deal announced in the U.S. Congress on Tuesday, though modest in its spending cuts, would end three years of impasse and fiscal instability in Washington that culminated in October with a partial government shutdown.
WASHINGTON - U.S. small business sentiment bounced back from a seven-month low in November, with owners setting their sights on creating more jobs and expanding operations.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.