This means that Magna International will actually attempt to improve its bid but, in case talks are evolving in the right direction, the company might leave negotiations and abandon Opel.
On the other hand, Angela Merkel is still shouting that Magna's bid is the best Opel could get and emphasizes, every once in a while, that the Canadian manufacturer, together with its Russian partners, has the biggest chance to take over the German manufacturer.
"There are still a number of questions to be cleared up. But the Magna concept offers excellent starting points," said Merkel at a joint news conference with Medvedev according to just-auto.com. "It offers Opel a chance and also creates the possibility of establishing a strategic partnership in the car sector with Russia," she said.
On a separate front, the German state expects to pick the final investor for Opel as soon as next week. Where have we heard that before? Well, it was Magna saying that the deal should be completed by mid-July but, here we are on July 20, with Opel living in the same uncertainty... So, see you next week...