Chinese manufacturer will not continue talks with GM
23 July 2009

Chinese manufacturer BAIC is no longer in the running to buy Opel/Vauxhall from General Motors, according the deal’s chief negotiator.

After the talks yesterday involving GM, the German government and the three remaining Opel bidders – RHJ Intentional, Magna and BAIC – GM said it had whittled down the potential new owners to two.

Twitter - follow

“We had a good and thoughtful discussion around the key operating metrics and key issues associated with the three final offers we received on Monday evening,” said John Smith, Opel’s chief negotiator for the deal.

“We have agreed to continue detailed talks with both Magna and RHJ to secure Opel's future.”

More talks are scheduled to take place in the coming days, although a quick decision is not expected.

No Opel/Vauxhall decision yet

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

  • 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?
  • Audi A7 front
    First Drive
    14 March 2018
    The new Audi A7 Sportback looks the part, but how does the new Mercedes-Benz CLS rival cope on UK roads? We find out