German Econ Min: All Options Still Being Considered For Opel
May 22 2009 - 10:53AM
Dow Jones News
German Economy Minister Karl-Theodor zu Guttenberg said Friday
that all options are still open for General Motors Corp.'s (GM)
German Opel brand, including a possible insolvency.
"All options are still under consideration," zu Guttenberg told
Dow Jones Newswires at the sidelines of an event in Berlin.
Separately, zu Guttenberg described Magna International Inc.'s
(MGA) bid for Opel as "interesting," but added that some financial
details still require clarification as the German state is expected
to support the deal with taxpayer's money.
Company Web site: www.opel.com
-By Andrea Thomas and Christoph Rauwald, Dow Jones Newswires;
+49 69 29 725 512; christoph.rauwald@dowjones.com