GM considers Beijing Automotive Industry Holding Co. "a formidable bidder"
This is a discussion on GM considers Beijing Automotive Industry Holding Co. "a formidable bidder" within the China News forum, part of the Doing Business in China category; China Accelerates in Race for Opel General Motors Corp. considers Beijing Automotive Industry Holding Co. "a formidable bidder" for its ...
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Jul 7th, 2009, 02:40 AM
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GM considers Beijing Automotive Industry Holding Co. "a formidable bidder"
China Accelerates in Race for Opel
General Motors Corp. considers Beijing Automotive Industry Holding Co. "a formidable bidder" for its Adam Opel GmbH unit, whose offer could threaten an earlier bid by Magna International Inc. GM, which in recent weeks has described Magna as the front-runner to take over the European business, is increasingly attracted to the offer from Beijing Auto, which the Chinese state-owned car maker submitted last week, said a person close to GM. Read more: China Accelerates in Race for Opel - WSJ.com |
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