GM Europe’s president believes Magna will win Opel bid

Posted: Sep 03, 2009
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General Motors Europe president Carl-Peter Forster said that Magna International Inc. is most likely to win the ongoing bidding war for Opel.

“Magna is the most likely for me because all conditions have been met, the contracts have been negotiated and the financing is in place,” Forster told the Die Welt newspaper.

Forster also thinks that Opel can thrive under General Motors, reports Automotive News. ”If General Motors can establish worldwide standards while at the same time allowing regional freedom to create cars that work in the given markets, then Opel can thrive under GM,” he said.

Belgian finance investor RHJ International, who is also bidding for Opel, recently rose the stakes by asking for only 3.2 billion euros in state aid, which it said it will pay back by 2013.

- By: Omar Rana


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  • Scarlet Pimpernel

    Forster and his other GM big-wig cronies are out of their heads. To state publicly that…”if General Motors can establish standards while allowing regional freedom to create cars..” That is the de-centralized type of thinking that screwed up GM in the first place ! When GM had 5,000 car models around the world that were NOT selling like hot-cakes they didn't seem to mind. Now they seem to be forgetting the lesson that fate and bad management decisions placed upon them. They have to get rid of these morons masquerading as Auto Executives. Anyone would do a better job – as long as they are under 40 years of age and actually care about design.

  • cman815

    Just keep Opel GM, it's the smart thing to do! Your future products depends on it!

  • cman815

    Just keep Opel GM, it's the smart thing to do! Your future products depends on it!