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Justin Bimmer

Bailout Blues: GM can’t afford to throw out its Opel baby

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Bailout Blues: GM can’t afford to throw out its Opel baby

By: John LeBlanc

The latest has Government Motors refusing to explain the “why” it can’t make a decision between what the German government wants (Canadian Magna’s Russian-backed bid) and what the automaker wants (Belgian private equity RHJ International’s bid that would give GM more control in a new Opel.)

Now listen up. Your Canadian pride may be backing Magna (Way cool—Canada’s first modern automaker!!) But as a Canadian taxpayer now with a share of GM, you may want to start cheering for the RHJ guys.

Here’s why.

Full Story at Wheels.ca

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I don't see a problem with Magna having ownership of Opel, it's the Russians I don't trust...their banking and businesses tend to be controlled by corrupt criminal organisations.

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