General Motors may sign a memorandum of understanding with one or more rival suitors for a stake in its Opel business in Europe as soon as this week amid signs that sale talks with preferred bidder Magna International have run into difficulty.
RHJ International, the industrial holding that has expressed preliminary interest in Opel, has improved its previous bid, and GM is “taking it very seriously”, according to a person close to the sale, who said that an MoU could be signed within a matter of days.
“GM's negotiating team would love to see if we can get two very solid, definitive agreements sketched out from which to choose,” this person said.
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