As reported yesterday, Fiat has confirmed that it has submitted a bid to buy General Motors Opel and Vauxhall brands. Sources familiar with the matter said today that Fiat submitted two bids, one with and one without an offer for GM’s Latin American operations.
Speaking to Automotive News Europe, sources said that Fiat also wants Saab but did not include its offer for the Swedish brand in the bid for Opel since its sale is a separate process.
Fiat declined to comment how much it offered for Opel and Vauxhall.
Magna International and investment group RHJ International have also submitted a bid for Opel.
– By: Omar Rana