Fiat gunning for Opel after Chrysler deal

Fiat Group SpA confirmed yesterday it was in talks to acquire General Motor’s European opera­tions with the aim of possibly creating a new company to also include its newly acquired Chrysler automaker.

Com­bined, the new auto­maker would have $105 billion US in annual revenues, Fiat said.

Meanwhile, lawyers for Chrysler said the U.S. company would file a motion to sell its assets to the Italian automaker.