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Standoff between GM and German government over Opel

A stalemate between General Motors and Germany could be emerging over their preferences for competing bids between RHJ International and Magna International to buy GM’s European carmaker Opel. Both GM and Berlin want to see a deal signed by the end of this month, but growing divisions between the former parent and the likely financier suggest a nail-biting conclusion to a transaction where Canadian auto parts maker Magna has long been heavily favored.

Source: Automotive News

Jul 19, 2009MTI
  • UK questions viability of Opel Magna bid
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