German Economy Minister Karl-Theodor zu Guttenberg said Tuesday that the federal government sees no frontrunner yet for a deal with General Motors Corp.'s (GM) German Adam Opel GmbH unit, adding that all three bidders are still in the race.

Speaking to reporters in Berlin, Guttenberg confirmed that the German government plans to make a first decision on the three bids Wednesday.

Auto supplier Magna International Inc. (MGA) and its Russian partners appear to be frontrunner for a deal with Opel, according to several German politicians and Opel's labor unions. Magna has teamed up with Russia's OAO GAZ Group (GAZA.RS) and Sberbank (SBER.RS) in its bid.

Italian automaker Fiat SpA (F.MI) and Ripplewood Holdings LLC have launched rival offers.

Company Web site: www.opel.com

-By Beate Preuschoff, Dow Jones Newswires; +49 69 29 725 100; beate.preuschoff@dowjones.com