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Merkel: GM talks focused on Magna offer for Opel

Merkel: GM talks focused on Magna offer for Opel

Chancellor Angela Merkel says Germany's talks with General Motors Co. over the future of its Opel unit are still focused on the Berlin government's preferred bid, by Canadian auto parts maker Magna.
But she softened her insistence that the deal be reached swiftly, saying substance _ not speed _ was paramount.
Merkel's government hopes to see Opel sold to an investor group led by Magna International Inc. which includes Russian state-owned bank Sberbank, as opposed to a bid from Brussels based investor RHJ International SA.


Updated : 2021-05-13 10:59 GMT+08:00