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 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

  • Citroën C3 Aircross
    First Drive
    17 October 2017
    It's 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
  • Citroën C3
    First Drive
    16 October 2017
    Is the third gen Citroën C3 ‘fresh and different’ enough to take on its supermini rivals? We spend six months with one to find out
  • BMW X3
    First Drive
    15 October 2017
    A satisfying rework of the X3 that usefully improves its handling, cabin finish, space and connectivity to make this BMW a class front-runner again