<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Dashboard News &#187; Magna bid for Opel</title>
	<atom:link href="http://www.dashboardnews.com/tag/magna-bid-for-opel/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.dashboardnews.com</link>
	<description>Just another WordPress weblog</description>
	<lastBuildDate>Tue, 07 Sep 2010 16:50:17 +0000</lastBuildDate>
	<generator>http://wordpress.org/?v=2.8.4</generator>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
			<item>
		<title>GM&#8217;s Opel unit still up for grabs</title>
		<link>http://www.dashboardnews.com/2009/07/13/gms-opel-unit-still-up-for-grabs/</link>
		<comments>http://www.dashboardnews.com/2009/07/13/gms-opel-unit-still-up-for-grabs/#comments</comments>
		<pubDate>Mon, 13 Jul 2009 14:58:11 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Cars]]></category>
		<category><![CDATA[External Cars]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Beijing Automotive]]></category>
		<category><![CDATA[Beijing Automotive bid for Opel]]></category>
		<category><![CDATA[Belgium R.H.J. bid for Opel]]></category>
		<category><![CDATA[Belgium’s R.H.J.]]></category>
		<category><![CDATA[bidding for Opel]]></category>
		<category><![CDATA[bids for Opel]]></category>
		<category><![CDATA[European auto industry]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Magna bid for Opel]]></category>
		<category><![CDATA[Magna International Inc.]]></category>
		<category><![CDATA[Opel]]></category>
		<category><![CDATA[R.H.J. International]]></category>

		<guid isPermaLink="false">http://www.dashboardnews.com/?p=201</guid>
		<description><![CDATA[
News is out today that Belgium’s R.H.J. may be close to a deal for Opel.
General Motors’ plan to sell its European operations to a Canadian auto parts maker and a Russian bank appeared Monday to be in trouble, when another bidder said it was nearing a deal for the unit, The New York Times’s David [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.dashboardnews.com/wp-content/uploads/2009/07/opel-astra-252784.jpg" alt="opel-astra-252784" title="opel-astra-252784" width="477" height="273" class="aligncenter size-full wp-image-202" /></p>
<p>News is out today that <a href="http://dealbook.blogs.nytimes.com/2009/07/13/belgiums-rhj-in-advanced-talks-to-buy-opel/" target="_blank">Belgium’s R.H.J. may be close to a deal for Opel</a>.</p>
<blockquote><p>General Motors’ plan to sell its European operations to a Canadian auto parts maker and a Russian bank appeared Monday to be in trouble, when another bidder said it was nearing a deal for the unit, The New York Times’s David Jolly reported.</p>
<p>R.H.J. International, a Brussels-listed industrial holding company, said in a statement that it was in talks with G.M. for the acquisition of a majority stake in the European subsidiary, Adam Opel, which includes the operations of Vauxhall in Britain.</p></blockquote>
<p>Fiat was also in the running for Opel, but their plans to streamline operations didn&#8217;t make the unions very happy.</p>
<p>As for R.J.H., <a href="http://www.bloomberg.com/apps/news?pid=20601100&#038;sid=akCPsvtQKRFo" target="_blank">Bloomberg expressed doubt</a> as to whether this proposal would prevail.</p>
<blockquote><p>Beijing Automotive Industry Holding Co. may be an acceptable buyer of General Motors Corp.’s Opel unit if talks with Magna International Inc. fail, said Armin Schild, a board member at the German division.</p>
<p>A proposal by private-equity firm RHJ International SA is unlikely to be a viable option because it’s “a completely different concept” that would raise “many new questions,” Schild, who represents the IG Metall labor union on Opel’s board, said in an e-mailed response to questions.</p>
<p>Germany’s government, which is providing loan guarantees for Opel’s sale as GM works to emerge from bankruptcy, chose a team of Canadian partsmaker Magna and Russian lender OAO Sberbank on May 30 as its preferred bidder for Opel. China’s BAIC, Brussels-based RHJ and Fiat SpA, Italy’s biggest manufacturer, also submitted proposals.</p></blockquote>
]]></content:encoded>
			<wfw:commentRss>http://www.dashboardnews.com/2009/07/13/gms-opel-unit-still-up-for-grabs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Chinese company bids for GM&#8217;s Opel</title>
		<link>http://www.dashboardnews.com/2009/07/06/chinese-company-bids-for-gms-opel/</link>
		<comments>http://www.dashboardnews.com/2009/07/06/chinese-company-bids-for-gms-opel/#comments</comments>
		<pubDate>Mon, 06 Jul 2009 15:46:18 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Cars]]></category>
		<category><![CDATA[External Cars]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Beijing Automotive]]></category>
		<category><![CDATA[Beijing Automotive bid for Opel]]></category>
		<category><![CDATA[Fiat]]></category>
		<category><![CDATA[General Motors]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Magna bid for Opel]]></category>
		<category><![CDATA[Magna International Inc.]]></category>
		<category><![CDATA[Opel]]></category>
		<category><![CDATA[RHJ International SA]]></category>

		<guid isPermaLink="false">http://www.dashboardnews.com/?p=134</guid>
		<description><![CDATA[
The Detroit News is reporting that another bidder has emerged for GM&#8217;s Opel unit.
General Motors Corp. has increased its negotiating options for its German subsidiary Adam Opel GmbH by obtaining a second offer from Beijing Automotive Industry Corp.
GM already is in talks to transfer control of cash-strapped Opel to a consortium led by Canadian supplier [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.dashboardnews.com/wp-content/uploads/2009/07/opel-astra-252780.jpg" alt="opel-astra-252780" title="opel-astra-252780" width="477" height="273" class="aligncenter size-full wp-image-157" /></p>
<p>The Detroit News is <a href="http://www.detnews.com/article/20090703/UPDATE/907030438/1148/AUTO01/Beijing+Automotive+bids+for+General+Motors++German+Opel+unit" target="_blank">reporting</a> that another bidder has emerged for GM&#8217;s Opel unit.</p>
<blockquote><p>General Motors Corp. has increased its negotiating options for its German subsidiary Adam Opel GmbH by obtaining a second offer from Beijing Automotive Industry Corp.</p>
<p>GM already is in talks to transfer control of cash-strapped Opel to a consortium led by Canadian supplier Magna International Inc. after concluding a preliminary deal on May 30.</p>
<p>But those discussions have hit stumbling blocks, with negotiators unable to agree on issues such as safeguards for GM and Opel proprietary technology. </p>
<p>GM continued talking to other potential partners, and GM spokesman Chris Preuss told Bloomberg News on Friday that Beijing Automotive had submitted an offer for Opel.</p>
<p>He did not elaborate except to say that it was a nonbinding proposal, like Magna&#8217;s.</p>
<p>Preuss said the talks with Magna remain on track.</p>
<p>Italy&#8217;s Fiat SpA and Brussels-based RHJ International SA also have expressed an interest in taking a stake in Opel. GM is also in talks with RHJ, an industrial holding company.</p>
<p>But Magna&#8217;s proposal prevailed in May, with both GM and the German government viewing it as the best solution for Opel. Berlin&#8217;s view matters because the German government is providing financial aid to Opel and trying to shield the Rüsselsheim-based carmaker from GM&#8217;s troubles.</p></blockquote>
<p>The entire industry is being turned on its head, and it will be interesting to see how this plays out.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.dashboardnews.com/2009/07/06/chinese-company-bids-for-gms-opel/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>
