GM and Germany to meet with RHJ and Magna today
4 August 2009

General Motors and German government officials will meet with representatives from Opel/Vauxhall bidders Magna and RHJ today to try to forge a deal to buy the car maker.

A German government official has said he has “positive expectations” for the talks and a deal could be done with one of the two bidders shortly.

“There have been encouraging signals," government spokesman Klaus Vater said of recent negotiations with the two suitors. “As a result, the government has positive expectations with regard to the talks that are taking place this week.”

The encouraging signals are believed to refer to relations between Germany and GM. Germany has said it will only offer financial support to Magna, while GM favours a deal with RHJ due to issues over intellectual property rights.

German chancellor Angela Merkel's economics adviser, Jens Weidmann, held talks on Opel in the US last week that were regarded in the government as constructive, according to a source close to the deal. A GM board meeting held yesterday was also believed to have held talks on resolving the Opel situation.

Twitter - follow autocar.co.ukSee all the latest Vauxhall reviews, news and video

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Volvo V90
    First Drive
    19 October 2017
    The Volvo V90 is a big estate ploughing its own furrow. We’re about to see if it is refreshing or misguided
  • 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