GM Still Talking with Magna, RHJ

Even if the German government is pressuring General Motors to make a decision on Opel, it appears the American manufacturer is still discussing with Magna and RHJ, but the topics of the talks are still unknown. General Motors confirmed in a statement that negotiations with the two interested parties continue but hasn't provided more details on the matter.

"GM remains engaged in discussions with the interested buyers, the German government and labour leadership, and any solution must be suitable for all vested partners," GM said in a statement according to

Meanwhile, the German officials are calling for support from their US counterparts who, in their opinion, must intervene in the negotiations and help General Motors pick a buyer for Opel. The US government is holding a 60 percent stake in the recently emerged from bankruptcy GM, but the White House administration repeatedly said it won't get involved in the talks.

Angela Merkel is one of the German officials who are supporting Magna and demand the Americans to step in. She thinks that the Canadian - Austrian parts manufacturer submitted a better proposal for the German brand and even revealed that she would personally intervene to support the company.

"I regret that a final decision wasn't made, but I hope it will happen soon, because both for the workers and the economic situation at Opel, we urgently need a decision," she said in the interview with German ZDF television, quoted by Reuters.

"The conflict of interest could be that we think Magna has made a very good offer ... which makes GM a minority shareholder in the whole set-up, and there may be voices at GM ... who'd prefer that this minority shareholding wasn't so marked."
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About the author: Bogdan Popa
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Bogdan keeps an eye on how technology is taking over the car world. His long-term goals are buying an 18-wheeler because he needs more space for his kid’s toys, and convincing Google and Apple that Android Auto and CarPlay deserve at least as much attention as their phones.
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