Germany Wants Decision from GM

Germany is putting pressure on General Motors to figure out what they are doing with Opel as soon as possible. Opel, a German automaker headquartered in the city of Russelsheim, was acquired by General Motors in 1929.

After going through bankruptcy, General Motors has promised to narrow its focus. In doing so, they have decided to sell Opel. The two leading bidders are Magna International Inc., a Canadian company, and RHJ International SA, a Belgium company.

While the government in Germany has gone on record to say that they hope that Magna International Inc. ends up getting Opel, General Motors is hesitant because they see Magna International Inc. as a direct competitor. For that reason, many see RHJ International SA ultimately being the company that comes away with Opel.

Opel has about 25,000 workers in Germany. While the German government doesn’t have a direct hand in the negotiations, they do have a voice because they will likely offer financing aid once the winning bid is selected.

Opel (Image: Flickr)