The Canadian car parts group emerged on Friday, as a favorite to acquire Opel after top German officials said the Canadian car parts group had submitted a better plan than rival bidders Fiat.
In its draft plan presented to the government, Magna also wants Germany to provide loan guarantees of 4.5 billion euros “in order to find and introduce an acceptable solution,” Der Spiegel said, quoting from the draft.
(Published 23 May 2009, 15:54 IST)
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