Merkel Says RHJ Has Slim Chances to Buy Opel

It appears that today we're finally going to find out the name of the new Opel owner but even so, officials involved in the matter continue to discuss on the chances the two interested suitors have to buy the German brand. Chancellor Angela Merkel, who revealed her support for Magna International for several times, told the Frankfurter Allgemeine Zeitung that she is still "very skeptical" about RHJ's chances to snatch Opel.

GM's board will meet today and several sources are hinting that the former bankrupt US automaker will also recommend a buyer. German Economy Minister Karl-Theodor zu Guttenberg said according to Reuters that General Motors is likely to reveal its preferences today.

On the other hand, UK Business Secretary Peter Mandelson told GM's officials not to get influenced by political aspects and to pick the one they consider to be better for the German unit.

"The U.K. Government has asked the GM board to take full account of the relevant interests in all European countries as this will shape the public funding decisions by all the member states and state aid approval by the European Commission," he said in a statement.

General Motors hasn't commented on these new statements but the company earlier this month revealed that it prefers RHJ's offer because it involves less government participation so it is easier to implement.

"The bid from RHJI is completed and would represent a much simpler structure and would be easier to implement. It would require less monetary participation by the government and would keep our global alignments solid, while still creating an independent Opel/Vauxhall organization in Germany," John Smith, GM group vice president, explained in a statement.
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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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