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27. May 2009

GER - Fiat revises takeover plan for Opel

Fiat has filed a revised takeover plan for Opel, the European unit of US carmaker General Motors, in which it forecast it would cut 2,000 of 25,000 jobs in Germany, according to government officials.

The move was seen as a last-minute attempt to win over German politicians and unions, many of whom back a bid led by Magna, the Canadian car-parts group, which foresees some 2,500 job cuts in Germany.

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