General Motors ( GM) plans to part with its controlling stake in Opel/Vauxhall for nothing but a pledge to invest directly in a new company formed from the automaker's European operations, the Financial Times reports, citing people familiar with GM's plans.

An investor will be asked to pay at least 500 million euros ($652 million) in equity but the carmaker will realize no financial gain as the money will be injected directly into Opel, the Financial Times reports, citing a person familiar with GM's thinking.

GM also is prepared to unload Saab, which filed for creditor protection in February, for as little as nothing in order to divest itself of the brand, according to the report.

GM has been talking to more than six financial and industrial groups about acquiring a stake in its regional arm, CEO Fritz Henderson said last week, the report notes.

General Motors has received $13.4 billion in loans from the U.S. government and is seeking more than $16 billion in additional government aid.

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