UPDATE 4-Hope for Opel as Magna nears deal with parent GM

Newswire

* Sources say Magna and GM reach preliminary pact * German minister says no guarantee of deal to save Opel * U.S. and German governments must still approve (Adds Marchionne, Guttenberg comments, GM bondholders) By Philipp Halstrick and Gernot Heller FRANKFURT/BERLIN, May 29 (Reuters) - Canadian auto parts group Magna has reached a preliminary deal with General Motors Corp to invest in Opel, boosting hopes for a deal with the U.S. and German governments to save the carmaker. Sources ...

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