Opel Labor Chief: Magna Is Frontrunner, RHJ Bid Interesting
26 Mai 2009 - 5:54PM
Dow Jones News
The top labor representative of General Motors Corp.'s (GM)
German Adam Opel GmbH unit said Tuesday that Magna International
Inc. (MGA) is clearly in pole position for a deal with Opel, but
added that RHJ International (RHJI.BT) has also presented an
interesting offer with further potential.
During a press conference near Frankfurt, Klaus Franz said that
Fiat SpA (F.MI) didn't attend a meeting at Opel's headquarters.
Both Magna and RHJ plan to cut around 10,000 jobs in Europe in
the event of a deal with Opel, Franz said.
Company Web site: www.opel.com
-By Nico Schmidt, Dow Jones Newswires; +49 69 29 725 100;
nico.schmidt@dowjones.com