TIMELINE-Hope for Opel as sources say Magna reaches deal

Newswire

May 29 (Reuters) - Canadian car parts group Magna has reached a preliminary deal with General Motors to invest in its German unit Opel, sources close to the negotiations told Reuters on Friday. [ID:nLT424201] Here is a summary of recent events at Opel, founded in 1863 and bought by GM in 1929: Nov. 2008 - Opel asks Germany for state loan guarantees. Feb. 2009 - GM presents restructuring plan to the U.S. government, puts its Swedish unit Saab up for sale and says it will need to cut ...

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