No quick decision on Opel

Posted on July 21st, 2009 by News in Manufacturers, News

A meeting on Wednesday between General Motors and German government officials will not yield a decision on which bidder will succeed in taking a stake in Opel, a German government source said on Tuesday.

It is also unlikely that a preliminary decision will be made on Opel’s future this week, said the source.

GM said on Monday it had received three binding takeover offers for Opel. The company will now consider them together with European countries affected by the deal, including Germany.

Source: Automotive News

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