German solar power company makes surprise bid for Opel

>> Sunday, January 4, 2009

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.

View article...


New Porsche Cars

Blog Archive

  © Blogger template Digi-digi by 2008

Back to TOP