General Motors has received three final bids for its struggling Opel business, which includes Vauxhall in the UK.
Canadian car parts maker Magna, Belgian-based investor RHJ International and China’s Beijing Automotive Industries are the bidders.
Magna, backed by Russia’s Sberbank, has made a last-minute change to its bid in order to placate concerns about its Russian partner’s influence.
It remains the favourite to buy a majority stake in Opel.
“General Motors confirms that it has received final offers for a stake in Opel/Vauxhall from three bidders. The final bids will now be analysed and compared by GM,” GM said in a statement.
Source: BBC News