Germany Finally Twisted Enough Arms: Canadian-Russian Bid for Opel Accepted!

“Initially, GM had serious reservations about Magna’s offer and seemed to favor a rival bid by the Belgian-based investor, RHJ International. One GM official said RHJ’s offer was “simple and elegant.” In particular, GM was uncomfortable with a Russian company getting its hands on Opel’s technical expertise and patents!“ So the truth comes out and […]