General Motors Are Still Willing To Sell Opel… It’s Becoming An On-Off Deal

After a load of rumours stating that General Motors might still keep the Opel brand, it was said that the General are still interested in selling the brand to Magna International. GM CEO Fritz Henderson said that an Opel-Magna deal would be best for the company.

“I think right now there is no other buyer for the business and the deal we have on the table is, we think, in the best interest of GM,” Henderson said according to Reuters. “Our mainstream plan is to try to bring the Magna transaction to closure.When our board considered the transaction, we recommended and proceeded with the Magna transaction,” Henderson said.

“Based upon subsequent input — I’m in dialogue with our board members — what we’re trying to do is to get the Magna deal finalized while being in dialogue with the German government.”

GM has already agreed to selling 55 percent stake in Opel to Magna International, where they will then keep the remaining 35 percent and the employees will share the other 10 percent.