All-night talks in Berlin about the future of Opel and Vauxhall have broken down without reaching a decision about who should buy GM’s European unit.
Officials blamed the delays on the revelation that Opel would need an extra 300m euros ($415m; £260m) in short-term funding.
The German government wanted more information from GM and the US Treasury before choosing a preferred bidder.
But one of the bidders has pulled out, leaving Fiat and Canada’s Magna.
The US investor Ripplewood Holdings has withdrawn from the process. Full story…