Tuesday, July 21, 2009

GM: Three bids received for Germany's Opel

Frankfurt -- General Motors Corp. said Monday that it received three final offers from three companies for its Opel unit, but a decision was still yet to be taken.

GM would not identify from whom it received bids, but a person familiar with the bidding process said they were from RHJ International SA; a consortium of Canadian auto parts maker Magna International Inc. and Russian lender Sberbank; and China's Beijing Automotive Industry Corp.

The person spoke on condition of anonymity because of a confidentiality agreement surrounding the process....More

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