Chinese Auto Maker Expresses Interest in Opel

[Coventina]

Source: Wall Street Journal

BEIJING -- General Motors Corp. has received an expression of interest in its Opel and Vauxhall European operations from a Chinese auto maker, but a person familiar with the matter said the U.S. auto maker most likely won't pursue getting a bid from the Chinese concern.

A letter expressing interest in buying the operations was received Thursday, the person said, one day after the bid deadline, and didn't include a specific offer for the Opel and Vauxhall units.

GM already has solid bids from three parties and the process is too far along to consider a fourth offer, said the person, who spoke on condition of anonymity.

It wasn't immediately clear who the Chinese auto maker was, but the person said it was neither Geely Holding Group nor Shanghai Automotive Industrial Corp. He said the letter came from a relatively well-known auto maker in China, but didn't elaborate.



Read more: http://online.wsj.com/article/SB124298754185746987.html

[oldnslo]

1. The operative word here is "Chinese."

They just don't do real well at building cars.....yet. In the meantime, if they got Opel, it would not be good for Opel. Chinese vehicles of any stripe are considered inferior, and for good reason.