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Germany's SolarWorld Wants to Buy…a Car Company?

in News on November 19, 2008 at 12:34 pm PT

Have things gotten that bad in the solar industry? Something has prompted Germany’s SolarWorld to state its intention of offering one billion Euros to acquire four production plants and one headquarters currently owned and operated by the Opel division of General Motors. The goal? To create Europe’s first “green” car company and–presumably–sell enough electric and hybrid cars to offset the dismal margins of the company’s core solar business. One would think there’d be other fish to fry.