GM will not reopen the bidding process
12 August 2009

General Motors has no intention of reopening the bidding process for Opel/Vauxhall and it plans to strike a deal with either of the two bidders for the car maker as soon as possible.

GM CEO Fritz Henderson said yesterday that he did not expect to reopen the Opel sale to any party beyond Magna and RHJ International. Henderson’s comments were echoed by GM’s chief financial officer Ray Young.

“I think everyone is anxious to get this thing done,” said Young, speaking on the sidelines of a GM event in Detroit yesterday.

When asked if a dark horse would emerge in the Opel/Vauxhall bidding, Henderson said: “I don’t think so.”

GM is believed to favour a deal for RHJ, while the Opel unions and the German government have thrown their support behind the Magna bid.

Twitter - follow 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

  • Mercedes-Benz E-Class Estate
    First Drive
    19 March 2018
    The Mercedes-Benz E-Class could be all the estate car you’ll ever want — or it could be overkill. Let’s see which...
  • 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?