WITH THE SALE of Opel currently in limbo after negotiations with the Magna/GAZ/Sberbank group have stumbled, it seems Opel’s future is no more assured now than it was months ago.

But there are other interested parties still hovering. According to Chinese newspaper Guangzhou Daily, Chinese carmaker Beijing Automotive Industry Holding Corporation (BAIC) last week made [...]

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AFTER TALKS THAT stretched into the early hours of Saturday morning, the German Government has selected Canadian parts manufacturer Magna as its preferred bidder in the battle for GM Europe subsidiary Opel.

As part of the deal, Berlin will provide an immediate loan facility of 1.5 billion euros (AU$2.65b) to shore up Magna’s bid, with the [...]

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ACCORDING TO UK Secretary of State for Business, Peter Mandelson, the UK Government has “not ruled out making a financial contribution” where it might help secure the future of GM subsidiary, British carmaker Vauxhall.

Mandelson’s comments followed the news that Beijing Automotive Industry Corporation (BAIC) had been confirmed as a bidder, along with Italian carmaker Fiat, [...]

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Russian carmaker GAZ has put its hand up for a significant stake in German brand (and soon-to-be-former GM branch) Opel, and will team up with Magna International should they be successful in snatching the company away from competing bidder Fiat S.p.A.

If Magna’s bid gets them the keys to Opel, the role of GAZ would be [...]

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