is very close
to selling its Opel
unit, with Canadian supplier Magna and Italian automaker Fiat
among the suitors. If Magna and its Russian partners Gaz
and Sberbank scores the winning bid for Opel, the parts supplier has big plans for the German brand and its factories. Automotive News Europe
and German newspaper Welt am Sonntag
both have quoted sources within Magna stating that the supplier could produce vehicles for other automakers. Furthermore, both Ford
are reportedly interested in using the factory space, which makes sense considering the cost of opening new facilities.
will have the final say regarding an Opel sale, the German government will have considerable sway in the matter. After all, the German government is likely providing up to 3.3 billion euros
in financial support to keep Opel afloat. That may give Magna an advantage, since Fiat
has said that it would close the Opel factory in Kaiserslautern, Germany, while Magna doesn't plan to close any German facilities.
[Souce: Monsters and Critics