German solar power company makes surprise bid for Opel

The struggling auto industry is feeling the pressure of slow sales and a tough global economy in many markets. Rumors of bankruptcy and pleas for government aid are the norm - but in Germany today a solar power group called SolarWorld surprised the market by making a takeover bid for Opel, General Motors' German-market arm. The bid of $1.26 billion (€1 billion) was premised on the concept of creating the "first green European automotive group." The man behind SolarWorld's decision, Frank Asbeck, told the AFP, ""I could not be more serious.

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