BBC news is reporting that Italian carmaker Fiat will hold talks with German ministers to discuss a takeover of Opel - the German business of GM. Fiat chairman Luca Cordero di Montezemolo said Opel would be an "ideal partner" and that a takeover was an "extraordinary opportunity".
A top Fiat official will meet German ministers on Monday to discuss the bid. Fiat is already in the process of buying Chrysler - the company which is applying for US bankruptcy protection.
GM faces potential bankruptcy in the US and has until 1 June to restructure. Full story...
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