electronics

Sunday, November 08, 2009
electronics
electronics
Print E-mail Text Size:

General Motors close to Opel deal with RHJ

From:ReutersJune 30, 2009

General Motors Corp is close to a deal with Belgium-based RHJ International to sell a stake in Opel, and a memorandum could be signed within days, the Financial Times reported citing a person close to the sale process.

RHJ International had improved its earlier bid and GM was "taking it very seriously" said a person close to the sale process on Monday, the paper added.

According to the paper, RHJ's new offer was said by this person to have taken more account of political sensitivities over job losses in Germany, which is providing $2.1 billion of bridge finance to keep the carmaker afloat as GM goes through bankruptcy proceedings in the U.S.

Last month, Germany reached a preliminary agreement with Canadian auto parts group Magna International Inc over a takeover plan for Opel, General Motors' European unit.

General Motors and RHJ International could not be reached immediately for a comment by Reuters.


Gasgoo: auto parts source

Are you interested in our news stories? Click here for free e-mail news alerts.
Post a comment
Name

Comment


Verify Code
      Not Clear?

What is Parts Number Search?

You can search for auto parts by OEM Number or reference number, and get result in both Product and Catalog list.

ADVERTISEMENT

Leon Electronics Co., Ltd.
Oetiker Industries (Tianjin) Ltd.