General Motors is seriously considering an proposal for its Opel unit in Europe from Chinese 
automaker Beijing Automotive for example talks with Canadian auto supplier Magna International and the German government continue.
BAIC made a non-binding offer for Opel this week that requires less government help, cuts fewer jobs and provides in spite of expansion of Opel in China more than an offer by means of Canadian auto supplier Magna International.
The BAIC dare, which would give the new GM 49 percent and BAIC 51 percent of the new Opel, involves sharing of emission-reducing technology such as firing material cells and hybrids.
Meantime, GM and Magna are trying to negotiate terms of a previously announced deal. The Magna offer calls for Russian bank Sberbank to hold 35 percent of Opel along with Magna taking 20 percent.
GM executives were set to meet with German officials Tuesday to agitate the offers.
Source: www.autoobserver.com
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