Tuesday, June 14, 2011

Fiat Not Interested In Opel - CEO

GAVI, Italy (Dow Jones)--The head of Fiat SpA (F.MI) Tuesday said he wasn't interested in buying General Motors Co.'s (GM) Opel unit, despite reports about the U.S. car maker being open to the idea of selling it.
After giving up trying to take over Opel a few years ago, the Italian automaker has been focusing attention on merging with its U.S. partner, Chrysler Group LLC, but Fiat Chief Executive Sergio Marchionne expressed to reporters reluctance at taking over the stake held by the last major shareholder, the union's trust fund VEBA....More

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