Fiat SpA said Friday its offer for General Motors' (GM) Adam Opel AG unit would result in less than 10,000 job cuts, meaning the reduction of workers is similar to that of its main challenger, Magna International Inc.
The latest comments from Germany - where Opel is based - indicate Magna as the frontrunner in the race to grab the assets. German politicians are planning to continue to discuss bids for Opel at a meeting on Monday.
Monday, May 25, 2009
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