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

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Dallara Stradale
    The Stradale is the first road-legel car from Italian motorsport constructor Dallara
    First Drive
    16 March 2018
    The motorsport constructor's first road car is inspired by Lotus minimalism. Does it thrill on road and track?
  • Hyundai i30 N
    Standard spec is good so paint colour is our car’s only option
    First Drive
    16 March 2018
    What’s Hyundai’s first hot hatch and N-brand debutant really like? Let’s find out
  • Porsche Boxster GTS
    This is the new GTS version of the Porsche Boxster
    First Drive
    15 March 2018
    The 718-generation Boxster is our favourite roadster of the moment – so is this new GTS variant worth the extra outlay?
  • BMW 5 Series
    First Drive
    15 March 2018
    The BMW 5 Series is top of the mid-exec pack, but is there still room for a diesel saloon in everyday family life?
  • Audi A7 front
    First Drive
    14 March 2018
    The new Audi A7 Sportback looks the part, but how does the new Mercedes-Benz CLS rival cope on UK roads? We find out