Canadian car parts maker Magna International Inc. (MGA) is talking to General Motors Co., seeking reimbursements for costs related to drafting a restructuring plan for the U.S. automaker's German Opel unit, Magna Co-Chief Executive Siegfried Wolf said in a radio interview with Austria's ORF.
Asked whether the speculated sum of EUR100 million is correct, Wolf sidestepped the question and replied that "it was indeed a large sum because it was a complex issue."
Wolf said after GM surprisingly skipped the plan to sell Opel and restructure the business themselves, GM's revamp will comprise many tasks from Magna's plan.
Radio station Web site: http://oe1.orf.at
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.