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Opel offer may fall into Magna
- Middle East: Saturday, May 23 - 2009 at 11:21
Canadian-Austrian group Magna's offer to buy Opel was revealed as the most attractive for Germany, while Fiat's rival bid was a disappointment, Reuters has reported. Opel is a unit of US carmaker General Motors (GM), headquartered in Ruesselsheim, with four plants employing about 25,000 staff in Germany. GM and the German government are in a rush to finalise a sale of Opel as GM has until June 1 to restructure its operations.
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Medilyn Manibo, Assistant News EditorSaturday, May 23 - 2009 at 11:21 UAE local time (GMT+4)
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