german unit

General Motors Co.'s board is beginning a two-day meeting that could see it decide the fate of its German unit Opel, with German business leaders and politicians hoping any solution preserves jobs.

German Chancellor Angela Merkel , who faces reelection in about a month, said she would press ahead with plans to save Opel, the troubled German unit of General Motors, after lamenting that the American company's board failed to resolve the fate of its European operations when it met Friday in Detroit.

Chancellor Angela Merkel says she favors the Canadian company Magna International in the bidding for the German unit of G.M.

May 22 - Canadian-Austrian car parts group Magna appears to be the early favourite to acquire General Motors' German unit Opel, ahead of Italy's Fiat.