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.

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