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Old 07-21-2009   #5 (permalink)
P.J. Romano
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GM receives three bids for Opel

General Motors has received three final bids for its struggling Opel business, which includes Vauxhall in the UK.

Canadian car parts maker Magna, Belgian-based investor RHJ International and China's Beijing Automotive Industries are the bidders.

Magna, backed by Russia's Sberbank, has made a last-minute change to its bid in order to placate concerns about its Russian partner's influence.

It remains the favourite to buy a majority stake in Opel.

Read more here: BBC NEWS | Business | GM receives three bids for Opel
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