• Most Popular
  • Most Shared
Photo

Reuters talks to portfolio managers and strategists to find what's on the horizon. Learn how to position your portfolio in the year ahead.   Full Coverage 

Germany says has preference for Magna's Opel bid

BERLIN
Fri Jul 17, 2009 5:53am EDT

BERLIN (Reuters) - Germany has a preference for Canadian auto parts group Magna's bid for General Motors unit Opel, but the process of selecting a suitor is still open, a government spokesman said on Friday.

Inflows Outflows

"As you will remember, we already made clear at the meeting in the Chancellery ... that we had a preference for the Magna plan," spokesman Ulrich Wilhem said. "Nothing has changed on that. But the fact remains that the process is still open."

He said that talks with Magna and rival suitor RHJ were more advanced than those with China's Beijing Automotive (BAIC).

(Reporting by Sarah Marsh; Writing by Noah Barkin)



More from Reuters

Photo

World should at least halve CO2 by 2050: report

COPENHAGEN (Reuters) - The world should at least halve world greenhouse gas emissions by 2050 with rich nations taking the lead, according to a first draft text on Friday seeking to break deadlock on a new climate pact at U.N. talks.

A security personnel stands guard near oil pipelines at Tawke oil field near Dahuk, 400 km (245 miles) north of Baghdad May 9, 2009. REUTERS/Azad Lashkari

Now or never for Big Oil

The pressure's on for oil giants looking to secure rare access to cheap Middle East reserves as Iraq gears up to auction off some of the world's largest untapped oilfields.  Full Article 

A glass of tap water is served at a restaurant in New York June 10, 2009 REUTERS/Shannon Stapleton

G7 glass half empty

Recovering from a punishing global recession has forced the world's richest nations to pay dearly, prompting subdued growth prospects and delayed sighs of relief.   Full Article