BAIC out of Opel race

• Source: Global Times
• [01:01 July 24 2009]
• Comments

The race to take over General Motors’ Opel unit was reduced to a head-to-head duel yesterday after GM excluded an offer from China’s BAIC, leaving just Magna and RHJ International standing.

“We have agreed to continue detailed talks with both Magna and RHJI to secure Opel’s future,” John Smith, GM’s chief negotiator for the sale of Opel, said in a statement.

(Agencies)