News bulletin – answers

Magna emerges as Opel favourite

questions

1. Where is the German Chancellor going and why? to a meeting with other politicians to look at the bids submitted for Opel
2. Who are the 3 bidders for Opel? Fiat, Magna and RHJ International
3. What happened in Berlin? the co-CEO of Magna, Siegfried Wolf, met with journalists
4. How is Magna doing in the Opel race? it seems to be the early favourite
5. Magna would take a 20% stake in Opel who will be the other stakeholders and what would their respective holdings be? GM and Russian partners 35% each and Opel employees 10%
6. Which plants would be protected? the 4 German ones
7. Where will job cuts be made? in Britain and Belgium
8. Where are they looking for their new market? Russia
9. When did Opel begin making cars? 1899
10. What do German workers fear about the bid from Fiat? large job losses and plant closures