Fiat CEO Meets Labor Union Chief To Discuss Opel -IG Metall
19 May 2009 - 7:53PM
Dow Jones News
Fiat SpA (F.MI) Chief Executive Officer Sergio Marchionne is
meeting Tuesday with the chief of Germany's powerful labor union IG
Metall, Berthold Huber, a union spokesman confirmed.
Marchionne is in Germany this week to meet with union,
government and company officials to discuss Fiat's bid to acquire
General Motors Corp.'s (GM) German unit Adam Opel AG.
The German government has said that if one of the bids for the
carmaker is acceptable, it would consider a state-supported
trusteeship for Opel - should GM file for bankruptcy before Opel is
sold off, protecting Opel from GM's U.S. creditors. However, the
government hasn't ruled out insolvency for Opel.
-By Katharina Becker, Dow Jones Newswires, +49 (0)69 29725 112, katharina.becker@dowjones.com