Merz Clarifies No New Policy on Ukraine's Use of Western Arms
On May 27, German Chancellor Friedrich Merz clarified that the decision to lift range restrictions on weapons delivered to Ukraine was made months ago, not as a recent change
Canada’s Magna Moves Closer to Investing in GM’s Opel
World | May 29, 2009, Friday // 19:19
- Tweet
Send to Kindle
Canadian car parts group Magna has reached a preliminary deal with General Motors to invest in its German unit Opel, sources close to the negotiations said on 29 May 2009.
The Canadian group Magna International and General Motors have managed to reach a preliminary agreement over the potential sale of GM's European subsidiary, the Germany car-maker Opel.
The news has been reported Interfax, which cites the German TV channel N24.
Thus, GM is expected to sell Opel to Magna International, which has taken part in the bidding together with the Russian bank, Sberbank.
General Motors and Magna are hammering out the final details before a meeting with German Chancellor Angela Merkel Friday evening, after the negotiations between the German government and General Motors were terminated Wednesday night.
After the news was announced, the shares of the other bidder for Opel, Fiat, have declined by 5,4%, according to Bloomberg.
Related Articles:
In His Inaugural Speech, Merz Pledges to Make the Bundeswehr the Strongest in Europe
In his inaugural speech as Chancellor, Friedrich Merz outlined a bold vision for Germany’s future, focusing heavily on strengthening its military and addressing the migration crisis
Germany Forms New Coalition Government Led by Merz
Germany has officially formed a new government, led by Chancellor Friedrich Merz
Friedrich Merz to Become Germany’s New Chancellor After SPD Backs Coalition Deal
Friedrich Merz is poised to become Germany's next chancellor following the approval of a coalition agreement between his CDU/CSU bloc
'Secret Weapon:' Zaluzhnyi Confirms the Hidden U.S.-Ukraine War Command Center in Germany!
Valerii Zaluzhnyi, former Ukrainian Commander-in-Chief and current Ambassador to the U.K., has provided insights into the pivotal role of the joint Ukrainian-U.S. headquarters in Wiesbaden
Bundeswehr Returns to the Baltics: First Permanent Military Brigade to Lithuania Since World War II
Germany has deployed its first permanent military brigade abroad since World War II, sending 5,000 troops to Lithuania
European Commission Confirms Bulgaria Meets Inflation Criteria Ahead of Euro Adoption
The European Commission has confirmed that Bulgaria meets the inflation criterion necessary for joining the eurozone
Serbia's Vucic Reveals Secret Military Build-Up, Cites Threats from Kosovo, Croatia, Albania, and Bulgaria
Serbian President Aleksandar Vucic has stated that Serbia has been secretly rearming its military in recent years
'All of Ukraine Is Ours': Putin Escalates Rhetoric - 'We’re Crushing These Murderers': Zelensky Vows to Hold the Line
Ukrainian President Volodymyr Zelensky addressed the nation on the evening of June 20, focusing on the ongoing Russian offensive in Sumy Oblast and the broader implications of recent statements by Russian officials
Another Step Forward: ECOFIN Approves Bulgaria’s Euro Adoption Plan
At a meeting in Luxembourg on June 19, the finance ministers of EU member states unanimously endorsed the Eurogroup’s recommendation for Bulgaria to adopt the euro starting January 1, 2026
Russia’s Economy Teeters on the Edge of Recession, Minister Warns
Russia may be heading into a recession, Economy Minister Maxim Reshetnikov admitted during the St. Petersburg International Economic Forum
As War Looms, European Powers Revive Diplomacy with Tehran
As hostilities between Israel and Iran stretch into their second week, European powers are intensifying diplomatic efforts to prevent a broader regional war
