BBC Business News is reporting that Italian carmaker Fiat has improved its bid to buy Opel and its UK brand Vauxhall from General Motors.
Germany’s Economy Minister Karl-Theodor zu Guttenberg said that Fiat had provided more detail about capital contributions and risk-sharing.
German government officials are currently discussing at least three rival bids, submitted before Wednesday’s deadline.
Fiat said it would cut fewer than 10,000 jobs if its bid succeeds. Full story…