Private investor Cerberus, majority owner of Chrysler, is not interested in a stake in Opel, a source said on Wednesday.
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Speculation of this was unfounded, the source told Reuters, also denying German newspaper reports that Cerberus had started talks with the German government.
Cerberus declined to comment.
Yesterday, Cologne’s Rheinische Post, citing government sources, reported that Cerberus was considering a 25% stake in the cash-strapped General Motors Europe unit.
It also said Fiat was considering taking a stake after contacts were forged through Roland Berger, a well-known German consultant with a seat on Fiat’s board of directors, who has been asked by GM to help find an investor for Opel.
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By GlobalDataFiat chairman Luca Cordero di Montezemolo on Tuesday reiterated that his group had not excluded looking for an alternative to Chrysler.
“We look with interest at everything, we don’t exclude anything,” he was quoted by local news agency ANSA as telling reporters at an event in Milan. “We look at everything that is worthwhile.”
