Word: plan
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...talks with Opel owners General Motors back on track, Merkel is reportedly ready to abandon her previous plan to force GM to sell a controlling stake in its European business to a consortium of Canadian-Austrian car-parts maker Magna International and Russia's Sberbank. According to the German tabloid Bild, the German government has told GM's chief negotiator, John Smith, that Berlin will consider GM's preferred investor, the Belgian industrial group RHJI, as long as it teams up with a partner from the automotive industry. (See TIME's photo-essay "GM's Eight Great Hopes...
...With Germans set to vote in parliamentary elections on Sept. 27, Merkel seems eager to create an exit strategy on Opel in case negotiations blow up on her. "The situation is that we have decided with a clear preference to advocate the Magna plan," Merkel told German television channel N-24 on Aug. 26. "There is a good possibility that we will come together...
...talks stalled and Merkel declared the entire GM-Opel mess to be "chefsache," or a matter for the boss. After lengthy and tense talks, GM negotiators finally seemed to agree to the German plan...
...spot from rival Toyota. To do so, GM needs a European manufacturing base. At the very least, GM wants to avoid creating a new competitor by providing the dowry for a tie-up among Magna, Sberbank and Opel. So on Aug. 21, the GM board rejected Merkel's plan and sent point man Smith back to Berlin. (Read "Busting Out: German Pol Plays the Cleavage Card...
...chief engineer of the nation's efforts to develop environmentally friendly technology, Vice Premier Li Keqiang. He came away struck by the leadership's willingness to acknowledge the country's pollution woes. The central government has made the environment a key part of its next five-year economic plan, says Blair. "The environment is not a separate chapter," he insists. "It's the core narrative...