F&I Management & Training

Fiat plans to take a majority stake in General Motors' Opel/Vauxhall brands, Opel labor boss Klaus Franz told the German press agency DPA today.Franz was commenting on German media reports that Fiat and Opel are in discussions for Fiat to take over Opel. GM and Fiat declined to comment on the reports.Franz, who is deputy chairman of Opel's supervisory board and chairman of the carmaker's works council, told DPA that unions will oppose a Fiat takeover of Opel.GM is carving its German-based Opel and its British sister brand Vauxhall into a separate unit and is seeking outside investors for the brands. GM has not ruled out selling a majority stake in Opel/Vauxhall.

DATED: 25.04.09

FEED: ANE