Fiat Bids For GM Europe

Fiat is already trying to buy Chrysler assets in connect with its bankruptcy proceedings. Now, Fiat is also a bidder for the General Motor's European Opel division, including the British Vauxhaul brand.

General Motors is trying to unload its Saturn, Hummer and Saab brands, in addition to its Opel brand. It is planning to shut down its Pontiac brand as well. A successful sale would make General Motors a much smaller company, presumably an easier to manage company, and also presumably an easier company to make profitable. Opel has been more profitable than GM's North American operations in recent years, but a sale might provide GM with the cash it needs to avoid or survive a bankruptcy.