icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Magna Sberbank proposal on Opel finalised

Canadian car parts group Magna, along with Russia's Sberbank, have finalized their proposal to buy General Motors German subsidiary, Opel.

With the German government indicating a preference for the Magna Sberbank proposal to succeed with the bid, GM will decide between it and a rival bid from Ridgwood Holdings.

After announcing an earlier agreement, GM edged away the original deal over differences on control of intellectual property rights.

RT spoke with Christoph Stuermer, Automotive Expert at IHS Global Insight about the revised bid and the likely outcome.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.