Magna in pole position for Opel decision

Author (Person)
Series Title
Series Details 21.8.09
Publication Date 21/08/2009
Content Type

Article reports that General Motors's board was set to choose a preferred bidder on the 21 August 2009 for a controlling stake in Opel/Vauxhall amid intense pressure from the German government to favour Magna International, the Canadian parts maker.

The decision would be made amid growing disquiet over the sale process among other EU member states where the Detroit carmaker has operations.

Related Links
ESO: Background information: Magna offers revised bid for GM’s Opel http://www.europeansources.info/record/magna-offers-revised-bid-for-gms-opel/
BBC News, 20.8.09: Germany offers Opel suitor loan http://news.bbc.co.uk/1/hi/business/8211048.stm

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