Magna International and RHJ International are scheduled to meet German government and General Motors officials on Tuesday to decide who takes over Opel, government sources have said.
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GM’s new board meets later on Monday and industry sources have told Reuters Opel likely would be discussed.
German economy minister Karl-Theodor zu Guttenberg said at the weekend the two suitors must improve their bids to win government backing.
Both the federal government and administrations in regions where Opel has plants support Magna’s plan, reported today to include over 3,000 job losses.
But GM’s chief negotiator John Smith last week said parts of Magna’s bid were unacceptable. These are understood to relate to intellectual property in GM designs and the rights to the Chevrolet brand in Russia.
