Vauxhall/Opel could go to Belgian firm RHJ
14 July 2009

RHJ International is promising to keep two Vauxhall plants in the UK open as part of its bid for the European arm of General Motors, it has been revealed.

Autocar reported last week that GM was moving away from selling Vauxhall and Opel to a consortium of Magna and Sberbank over fears it would asset-strip technology to start up a domestic car industry in Russia.

Twitter - follow

Julian Rendell Blog: Why GM wants to sell to RHJ, not Magna

A deal with RHJ could also leave the door open for GM to buy back the two brands in the future.

RHJ, a Brussels-listed industrial holding, is reported to be at an “advanced stage” of talks with the American car maker.

As part of the package, RHJ is promising to repay all state-backed loans to Opel by 2015 and has been in talks with the governments of the European countries in which GM has plants.

Lord Mandelson, the UK's business secretary, is said to have linked any future financial aid with continued production at Vauxhall’s plants in Luton and Ellesmere Port.

See 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
    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
  • 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