General Motors is busy looking for buyers for their German subsidiary Opel and it looks like it will take some more time before they find a worthy buyer. GM is reportedly against the inclusion of Russians to take over the Opel brand which has so far raised some eyebrows which include that of technology takeover.
For the record, Berlin favors Magna and GAZ, the Russian state-owned car builder, and Sberbank to succeed the Opel brand. And this was said to be one reason why the Magna bid was turned down although GM had openly denied it had a hand on this. The plot for the future of the Opel brand continues to be befuddling but from the looks of it, there may be a chance that GM is playing possum and probably hold on to the Opel brand. That is if rumors hold true!
(Source) AFP
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