Opel chief says merger with Fiat not on the cards

Newswire

FRANKFURT, Nov 19 (Reuters) - The head of Opel, the German unit of the world's biggest carmaker General Motors , said late on Tuesday that a merger with the autos business of Italy's Fiat was not on the cards at the moment. "A merger is not currently on the horizon," Opel Chief Executive Officer Carl-Peter Forster told reporters in comments embargoed until Wednesday. Analysts say deeper consolidation between Fiat Auto and Opel, which already cooperate on powertrains and purchasing, has ...

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