Latest News
BAIC out of Opel/Vauxhall race
23 July 2009
Chinese manufacturer BAIC is no longer in the running to buy Opel/Vauxhall from General Motors, according the deal’s chief negotiator.
After the talks yesterday involving GM, the German government and the three remaining Opel bidders – RHJ Intentional, Magna and BAIC – GM said it had whittled down the potential new owners to two.
Twitter - follow autocar.co.uk
“We had a good and thoughtful discussion around the key operating metrics and key issues associated with the three final offers we received on Monday evening,” said John Smith, Opel’s chief negotiator for the deal.
“We have agreed to continue detailed talks with both Magna and RHJ to secure Opel's future.”
More talks are scheduled to take place in the coming days, although a quick decision is not expected.
No Opel/Vauxhall decision yet
See all the latest Vauxhall reviews, news and video
Your say
Comments: 1 Join the discussion
News archive
Today's hottest stories
