Thursday, August 20, 2009
Germany Wants Magna to Win Opel
Germany's federal government announced that it would be willing to contribute 4.5 billion euros in aid of Opel if they were to sell to Magna. An interesting move considering that the ministry has refused to state whether or not they would contribute any funds if Opel were to choose Magna's principle rival, Belgian financial group RHJ, in the sale of Opel. Will Opel take the bait?