Stocks  |  Russia  |  Italy In the interview with Der Spiegel magazine published onSaturday Guttenberg urged those investors interested inacquiring GM’s European operations including

Stocks  |  Russia  |  Italy In the interview with Der Spiegel magazine published onSaturday, Guttenberg urged those investors interested inacquiring GM’s European operations, including Opel, to move fastgiven the threat to the U.S parent. parentGeneral Motors GM.N is forced into bankruptcy next month,German Economy Minister Karl-Theodor zu Guttenberg said in aninterview with a German weekly. BERLIN, May 9 (Reuters) – Germany has a plan to protect theassets of carmaker Opel from creditors if its U.S. At the same time, a consortium of banks could provide Opel with bridge financing.”In this way the firm’s continued existence would be assured until a final deal (with investors) was reached,” Guttenberg said.A senior German official told Reuters in Abu Dhabi, where Guttenberg was traveling on Saturday, that the government could also provide bridge financing for Opel.In the magazine interview, however, Guttenberg ruled out the government taking a stake in the carmaker to help tide it over.(Additional reporting by Gernot Heller in Abu Dhabi; Writing by Noah Barkin, Editing by Peter Blackburn) Russia Italy.

Austrian-Canadian car parts maker Magna is also interested in pursuing Opel, most likely in concert with Russian investors.Guttenberg said in the event of a GM bankruptcy, Opel assets could be handed over to a trustee who would ensure the interests of creditors. We are preparing for this scenario.”Italian carmaker Fiat is seeking a three-way merger with Chrysler and GM’s European operations. Then we need to ensure Opel assets are protected from creditors. parent.”We want rapid, reliable information from the investors because we can’t rule out that GM in the United States will have to file for bankruptcy at the beginning of June,” Guttenberg said.”This could come at the same time interested parties are finalizing a deal with GM on Opel. Russia  |  ItalyIn the interview with Der Spiegel magazine published on Saturday, Guttenberg urged those investors interested in acquiring GM’s European operations, including Opel, to move fast given the threat to the U.S. parent General Motors is forced into bankruptcy next month, German Economy Minister Karl-Theodor zu Guttenberg said in an interview with a German weekly.

BERLIN (Reuters) – Germany has a plan to protect the assets of carmaker Opel from creditors if its U.S. No civilian casualtieshave been reported so far but the blaze has injured 13firefighters, at least three of them hospitalized with burnsand smoke inhalation.(Writing by Sue Zeidler; Editing by Eric Walsh) Bonds. He said over 11,524 properties and 29,000 people stillremained subject to mandatory eviction orders due to the fire,which had blackened more than 8,600 acres (3,480 hectares) inthe foothills above the picturesque city The fire has destroyed 80 homes. About 4,222 firefighting personnel were on scene, usingnearly 500 fire engines, 11 air tankers and 13 helicopters. “They want to make sure there are safe conditions and anyinvestigations have been concluded in those areas,” Hagensaid. You can’t have nearly 30,000 peoplereentering the area at one time,” he said. “When it does happen, it will be staged similarly to howthe evacuation was staged.

As of today, it’s an offensive effort andfirefighters are now chasing the fire,” Hagen said.County officials expect the fire to be contained by themiddle of next week, but have not said when evacuees canreturn Hagen said officials were working on this. “Prior to today, it was a defensive effort and it was allreactionary. The winds didn’t pick uplast night as significantly as had been predicted,” Hagensaid. “The humidity’s up and they (firefighters) can really takeadvantage of the marine layer today. One of the biggest challenges in battling the so-calledJesusita fire has been hot, unpredictable “sundowner” windsthat pick up at nightfall and fan the flames through steepcanyons into neighborhoods of multimillion-dollar homes.