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Magna's bid to buy Vauxhall/Opel has been thrown in to doubt once again, after Germany's economy minister announced that he had reopened the auction process.

At a press conference in Berlin Karl-Theodor zu Guttenberg and Lord Mandelson, the UK's business secretary, warned that they had received only a memorandum of understanding from Magna International and that they were keen to talk to other bidders.

The German minister added that he was also in talks with an unnamed Chinese inve...Read the full article

Hmm - at least Mandy seem to be right in there taking a full part in proceedings now.

Magna have put 300 million Euros in to Vauxhall/Opel and is doing the Due Dilligence. In other words it is "Sold subject to Contract."

Once again Lord Meddlesome, despite past relationship with Oleg Deripaska is trying to gain some influence and credibility. What is the square root of nothing?

A non story really.

I apologize fo going off-topic:

"To Be Is To Do.....Socretes; To Do Is To Be.....Jean-Paul Satre; Do Be Do Be Do.....Frank Sinatra"

This is very cool, but you mistyped the name of SaRtre.

 It has now been corrected, thank you for bringing this to my attention. I have just taken my typist out and shot him. Ouch, my foot!!

I think the bid doesn't really need to go through Vauxall/Opel will be able to cope the make very good quality cars.