Opel's Future Thrown into Uncertainty
here can be no winner in the dispute between Canada’s Magna and Belgium’s RHJ International for Germany’s automotive giant Opel. If the talks between the General Motors and the bidders end with no results, the car-maker may go bankrupt, Germany's Frankfurter Allegemeine Zeitung newspaper wrote. “There are still lots of question marks: for example the bidders have to ensure that the new Opel company can start with a strong capital base. That means that the bidders have to be ready to take on more risk themselves. Otherwise the E.U. Commission will not accept the rescue," the minister told the newspaper.
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