The list has been trimmed down to three companies and one of them will be the winning bidder for the investor of Opel which is tagged alongside the debacle that General Motors is in. Many are expecting General Motors to file for bankruptcy soon, something that is beyond the obvious due to the financial situation that seems to have worsened.
The three bidders, Fiat, Magna and RHJ have laid their offers on the table. Magna was the favorite to win the bidding but Fiat sweetened its offer thus making the selection a toss-up between the two.
“A decision must come by early Thursday at the very latest,” one official, who requested anonymity.
(Source) Reuters
Tags: Bankruptcy, Fiat, General Motors, investor, magna, Opel
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