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Beijing Auto Plans Bid for GM's Opel: Report
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Updated from 2:47 a.m. EDT
China's Beijing Automotive plans to present a detailed bid for General Motors' (GMGMQ Quote) Opel unit in Europe within the next few days, the Wall Street Journal reports, citing a person familiar with the matter.
Canada's Magna International (MGA Quote) is still seen as the front-runner for Opel, but the bid from Beijing Automotive could complicate matters, the newspaper reports.
Beijing Automotive held discussions with GM last week and is firming up details of an offer, the Journal reports. ...
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