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Italian media report Fiat aims for acquisition of General Motors' German subsidiary Opel

AFP
October 6, 2012, 12:10 am TWN

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MILAN -- Italian auto giant Fiat is planning to ask U.S. rival General Motors to buy its troubled German subsidiary Opel for a “symbolic” price, Italian business daily Il Sole 24 Ore reported on Friday.

Fiat already made a bid for Opel in 2009 but the plan never materialized and General Motors instead allied itself with France's PSA Peugeout Citroen — a partnership that could be an obstacle for Fiat's proposal, the report said.

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