The German government has said that after initial evaluations of the three bids for Opel, it still favours a deal with Canadian car parts maker Magna.
The government supported Magna’s bid in May, but on Monday General Motors confirmed that it had received three official bids for Opel.
Belgian-based investor RHJ International and China’s Beijing Automotive Industries are also bidding.
A buyer for Opel is expected to be chosen by the end of July.
A final deal could then be agreed by the end of October.
The German government’s preference for the Magna bid “has been confirmed by our evaluations,” said government spokesman Ulrich Wilhelm.
Chancellor Angela Merkel said: “We have indicated that we see the Magna concept as a sustainable one.”
Source: BBC News
Fox Body to 2018 Mustang Parts
Most commented