"I'm offering the German government a car business that will be effectively debt-free and I will take on Opel's liabilities, including pensions. I told them: if you have a better offer, take it."Indeed, the German government may do just that. A competing bid from auto parts supplier Magna International is said to be the more attractive proposal from Germany's standpoint since it would likely offer guarantees that manufacturing sites in Germany, Belgium and England would remain humming along at full capacity.
Fiat's plan would rely heavily on the expected cost savings realized by combining all of its various automobiles on a single set of platforms – a process that would almost assuredly also dictate a corresponding loss of jobs.
[Source: Automotive News - Sub. Req'd | Image: AFP/Getty]