Chinese firm will present GM with its offer for Opel within days
2 July 2009

Beijing Automotive Industry Holding Corp (BAIC) will present GM with a detailed bid for Opel/Vauxhall within days, according to sources close to the deal.

The two firms held talks last week and BAIC is now firming up details of its offer, which it will submit in the coming days. GM has already agreed a deal for Opel/Vauxhall with Canadian parts supplier Magna, but this deal now seems unlikely.

See all the latest Vauxhall reviews, news and video

Klaus Franz, head of Opel works council, has expressed strong reservations about any sale to BAIC and fears that GM is playing a high-stakes game to try and improve the amount it receives for Opel.

He said: “BAIC only wants technology and have no experience in global auto production.”

BAIC currently makes cars in China in joint ventures with Daimler and Hyundai.

Franz added that he knew of no new offer for Opel from BAIC, or Belgian private equity firm RHJ International, which has also reportedly bid for the German firm.

Mark Tisshaw

Twitter - follow autocar.co.uk

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Kia Stonic
    First Drive
    18 October 2017
    Handsome entrant into the bulging small crossover market has a strong engine and agile handling, but isn’t as comfortable or complete as rivals
  • Hyundai Kona
    First Drive
    18 October 2017
    Hyundai's funky-looking Kona crossover with a peppy three-cylinder engine makes all the right noises for the car to be a success in a crowded segment
  • Citroën C3 Aircross
    First Drive
    17 October 2017
    The Citroen C3 Aircross has got funky looks and a charming interior, but it's another small SUV, and another dynamic miss. Numb steering is just one thing keeping it from class best
  • Skoda-Karoq 2.0 TDI 4x4
    First Drive
    16 October 2017
    Diesel version of Skoda’s junior SUV is unobtrusive and undemanding, but we’d still go for the silkier petrol version of the Karoq
  • Audi Q7 e-tron
    First Drive
    16 October 2017
    Expensive and flawed but this understated diesel-electric Audi Q7 has a lot to offer