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The Obama administration wants a fast-track initial public offering of General Motors Co. shares to reduce its majority stake in the automaker, a senior official said.

Tags: Automaker, Bloom, Fast Track, General Motors, General Motors Co., Gm, Initial Public Offering, Ipo, Majority Stake, The Obama administration, U.S. government, United States

The Obama administration wants a fast-track initial public offering of General Motors Co. shares to reduce its majority stake in the automaker, a senior official said.

Tags: Automaker, Bloom, Fast Track, General Motors, General Motors Co., Gm, Initial Public Offering, Ipo, Majority Stake, The Obama administration, White House

The Obama administration wants a fast-track initial public offering of General Motors Co. shares to reduce its majority stake in the automaker, a senior official said.

Tags: Automaker, Fast Track, General Motors, General Motors Co., Gm, Initial Public Offering, Ipo, Majority Stake, Obama administration, White House

Opel workers have agreed to contribute 265 million euros ($390 million) in annual savings if General Motors Co. finally sells a majority stake in its European arm to a group led by Canada’s Magna International Inc.

Tags: Canada, EUR, General Motors, General Motors Co., Led, Magna, Magna International, Magna International Inc, Majority Stake, Ok Plan, Opel, USD

General Motors Co. will sign a deal to sell a majority stake in Opel next Tuesday or Wednesday, Die Welt German newspaper reported. GM is selling 55 percent of Opel to Canadian supplier Magna International Inc.

Tags: Die Welt, General Motors, General Motors Co., German Newspaper, Gm, Magna International, Magna International Inc, Majority Stake, Opel

Defense and automotive supplier Bolton Conductive Systems today said it has agreed to sell majority ownership to vehicle switches and electronics maker Stoneridge Inc. Stoneridge will acquire a 51 percent equity stake in BCS under the deal for $5.

Tags: Automotive Supplier, Bcs, Bolton, Conductive Systems, Electronics Firm, Equity Stake, Majority Ownership, Majority Stake, Stoneridge Inc, Switches

General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations.

Tags: Citing Sources, General Motors Co., German News, Gm, Led, Magna International, Magna International Inc, Majority Stake, Negotiations, News Agencies, Opel

General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations.

Tags: Citing Sources, Magna International, Magna International Inc, Majority Stake

General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations.

Tags: Citing Sources, General Motors, General Motors Co., German News, Gm, Led, Magna International, Magna International Inc, Majority Stake, Negotiations, News Agencies, Opel

General Motors Co. is on track to sign a contract this week to sell a majority stake in European automaking arm Opel to a Canadian-Russian consortium, Opel union boss Klaus Franz said.

Tags: General Motors, General Motors Co., Klaus, Klaus Franz, Magna, Majority Stake, Opel, Russian Consortium, Union Boss

General Motors ended months of suspense, announcing it had reached a deal to sell a majority stake in its European unit Opel to Canadian auto-parts maker Magna International Inc. and Russia’s Sberbank.

Tags: Auto Parts, auto-parts maker, Canadian Auto, General Motors, Magna International, Magna International Inc, Majority Stake, Opel Parts, Russia, Sberbank, Suspense

General Motors Co. said today that it will sell a majority stake in its Opel and Vauxhall operations to Canadian auto-parts supplier Magna International Inc.and Russia’s Sberbank.

Tags: Auto Parts Supplier, Canadian Auto, General Motors, Magna, Magna International, Magna International Inc, Majority Stake, Opel, Opel General Motors Co., Russia, Sberbank, Vauxhall

Belgian financial investor RHJ International offered $387.6 million for a 50.1 percent stake in General Motors’ Opel business in a last-ditch effort to beat rival suitors led by Magna International.

Tags: 6 Million, Financial Investor, General Motors, General Motors Opel, Gm, Last Ditch Effort, Magna International, Majority Stake, Percent Stake, RHJ International, Suitors, USD

General Motors and Magna International Inc. hope to close the sale of a majority stake in GM’s Opel by the middle of September, ahead of Germany’s general elections, an Opel supervisory board member told Reuters today.

Tags: Ahead, Board Member, General Elections, General Motors, Germany, Gm, GM's Opel, Magna, Magna International, Magna International Inc, Majority Stake, Opel, Reuters, Supervisory Board

General Motors and Magna International Inc. have set themselves a target to agree by July 15 on the sale of a majority stake in Opel to the Canadian auto parts group and its Russian partner Sberbank, sources close to the talks told Reuters.

Tags: Aim, Auto Parts, auto parts group, Canadian Auto, General Motors, Gm, Magna, Magna International, Magna International Inc, Majority Stake, Opel, Reuters, Sberbank, Target

Fiat said today that it is still in talks to form a partnership with Chrysler as speculation mounted that the Italian automaker plans to take a majority stake in General Motors’ Opel/Vauxhall brands.

Tags: Chrysler, Fiat, General Motors, General Motors Opel, Italian Automaker, Majority Stake, Opel Vauxhall, Opel/Vauxhall, Partnership, Speculation

AutoNation Inc. is preparing for billionaire investor Ed Lampert to take a majority stake in the company. The nation’s largest vehicle retailer announced Thursday that it obtained approval from auto manufacturers for ESL Investments Inc.

Tags: Auto Manufacturers, AutoNation, Autonation Inc, Billionaire, Ed Lampert, Esl Investments Inc, Investor, Lampert, Majority Stake, vehicle retailer