General Motors is to press ahead with talks with Magna International and RHJ International for a stake in its Opel business, after rejecting a bid from China’s Beijing Automotive Industry Corp. GM’s announcement is the latest twist in the saga over the future of the US group’s car businesses in Europe. The Opel stake sale has become a key election-year issue in Germany and raised fears about job losses in other countries with GM plants, including the UK.

This entry was posted by Gwen Robinson on Friday, July 24th, 2009 at 5:45 and is filed under Capital markets. Tagged with Beijing Automotive Industry, gm, magna, Opel, RHJ. Edit this entry.