"The government doesn't expect that a decision will be made on Wednesday," a government source who preferred to remain anonymous told Dow Jones. "Instead, a presentation of the offers is planned - it will be an information meeting."
Furthermore, officials won't even make a preliminary decision this week, despite that recent reports hinted the future Opel owner might be picked this week.
But things are slowly becoming more puzzled for GM Europe as the company late last night received three improved bids for Opel that turn the previously-seen-as-favorite Magna into a regular bidder for the German brand. All three BAIC, RHJ International and Magna International are now fighting for Opel, despite the fact that the officials involved in the matter refused to clearly indicate the name of the three investors.
Just to remain on the rumors' side, sources indicated that RHJ International is currently GM's favorite as it would allow the American automaker, through a special clause, to buy back a share of Opel in the upcoming years. On the other hand, Magna is receiving Angela Merkel's blessing, with the German official emphasizing the takeover proposal coming from the parts manufacturer representing the best offer Opel could get.
But Magna is no longer agreeing to waste time and yesterday said it will improve its bid for one more time and, if not accepted, it could step out of the deal.
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