Henderson: Buyer for Opel picked by end of month
So far, Fiat and Magna International have publicly expressed interest, but some are expecting at least one Chinese automaker to be in the mix. Henderson insists that the General would have the final say on the winning bidder, though the German government would be counseled on any decision. The German government has been asked to provide $2.5 billion euros in loans to finance the new company.
The sale of Opel is just one facet of GM's larger viability plan, which will pare the General down to four core brands; Chevrolet, GMC, Buick, and Cadillac.
[Source: Automotive News - Sub. Req.]
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