- May 12, 2009
REPORT: GAZ confirms interest in Opel
The German authorities are now weighing the offers from Magna/GAZ and Fiat. GM is said to prefer a single bidder, in the guise of Fiat, while Germany was recently said to prefer Magna's proposal because of promises to keep production in Germany. If, however, GAZ's real desire is to increase its Russian production abilities, if it were to take a larger stake in Opel than Magna, there will undoubtedly be conflicts to resolve. And that's before the remaining 50% partners' needs and wishes are taken into account.
[Source: Auto News, sub req'd]