The European Union at the moment is reviewing the situation of Opel and the process Sberbank and Magna got involved, said General Motors Group Vice President, Corporate Planning, Alliances - John Smith.
Smith affirms 'Such a review is usual and customary when extensive government financial support is involved. Last week, the Directorate-General for Competition expressed concerns about possible limitations on the availability of government financing for all Opel bidders, and how that may have influenced the selection process'.
There have been modification made also to the Sberbank/Magna proposal since General Motors Board convened last on 9th of September, and those modifications will be now reviewed, alongside the letter of Minister zu Guttenberg’s, at the Board’s scheduled regularly monthly – on 3rd of November there will be the meeting.
It was reported last that the EU competition head will be allowing General Motors Group to reconsider the Opel sale.
|Magna states the issues involving Opel are now solved|
|Pictures of the 2012 Opel Corsa Facelift are confirmed and available|
|Opel sells factory to Daimler|
|Fiat CEO is confirming the interest in Opel|
|Maserati Quattroporte update|
|Opel will be helped by Spain|
|Carl-Peter Forster resigns from GM Europe|
|Spain gave its go-ahead for the Magna-Opel deal|
|Opel compact is now called Mokka|
|General Motors is confirming new Magna Opel`s bid|
|Opel Adam Rocks S|
|Opel GT with KW Coilover Suspension|
|Opel Insignia Country Tourer|
|Opel Monza Concept|
|Opel Insignia OPC|
|Opel Insignia is3 concept by Irmscher|
|Latest||Cars & News|
|2018 Buick Enclave review|
|2017 Ford F-250 XLT Super Duty review|
|2015 Audi A8 L Chauffeur review|
|2015 McLaren P1 by MSO review|
|2015 Mercedes-Benz S63 AMG Coupe review|
|2020 Porsche Macan GTS comes to fill Macan S and Macan Turbo range|
|Suzuki Jimny is set to get competition from Jeep|
|Toyota Highlander will be available in petrol only or hybrid powertrain|
|Skoda Rapid facelift was unveiled in Russia|
|McLaren 620R is the limited edition street version of the 570S GT4|