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SolarWorld serious about buying GM's Opel

SolarWorld's offer to General Motors is no joke. The German-based solar-power company is serious about wanting to purchase GM's Opel division, SolarWorld CEO Frank H. Asbeck said Thursday morning on German radio.

SolarWorld announced on Wednesday that it's in the process of making an offer to General Motors for its Adam Opel (aka Opel) division for about 1 billion euros ($1.3 billion).

The initial announcement sparked a flurry of market, analyst, and media skepticism on Wednesday. Asbeck took to the airwaves to clarify his company's position on Thursday. (A transcript of the interview in GermanRead more