Bonn, Germany - A David-and-Goliath takeover offer for the German factories of General Motors sent the share price of the bidding company, SolarWorld, crashing
16 per cent lower Wednesday.
SolarWorld, which assembles and installs electricity generating systems that rely on wind or the sun, offered 1 billion euros (1.25 billion dollars) for the Opel brand, four factories and a German research centre.
It said it intended to convert Opel into "Europe's first green automobile maker."