General Motors’ German Opel and Vauxhall divisions have remained a relative unknown as the Detroit automaker concentrates on its North American viability plan, but an inside source has revealed the Opel/Vauxhall brands have several interested investors, including Chinese suitors.
According to an Automotive News source, Chinese companies are among a handful of firms vying for a stake in GM’s Opel and Vauxhall brands. Other suitors include European industrial groups, private equity firms and sovereign wealth funds.
Although GM is looking to fully unload its Hummer, Saab and Saturn brands, the potential investors would only be buying a portion – albeit a majority stake – of GM’s Opel/Vauxhall business. According to a Reuters’ source, GM is seeking a minimum of a $649 investment for the two brands.
GM CEO Fritz Henderson acknowledged talks are ongoing between GM and six Opel/Vauxhall suitors, but couldn’t reveal any names per a confidentiality agreement. However, an announcement on the subject could be made as early as next month.



04/20, 5:52 PM
posted by:
Borat
And I hope that not only Chinese are interested.
04/20, 5:56 PM
posted by:
andy
i have $649, lemme at em
04/20, 6:22 PM
posted by:
JakeK66
I’ll take ‘em for $650 and let you keep the extra $1
04/20, 9:39 PM
posted by:
johnnycanuck
$649? Hell, I’ve got enough empties to cover that.
Jake, care to bet that $1 on the Blues winning 4 straight? By the way, I hope that was “Blues” they were yelling during our national anthem!
04/20, 9:39 PM
posted by:
carbonsigma
$700.
04/20, 11:07 PM
posted by:
Andre Neves
I really hope the Chinese doesn’t end up with Opel. Porsche/VW, where are you?
04/20, 11:41 PM
posted by:
IVIIVI4ck3y27
I think if GM were smart, they’d do a package deal if they do intend to sell Opel/Vauxhall. Any vendor wanting them could do well to buy Saturn (for the dealer network if not the nameplate itself) and have the ability to sell cars across multiple continents. Makes sense to me. It’d help GM rid themselves of a brand (that they otherwise seem poised to kill) vs. close it up and eat the costs and it sweetens the deal for any takers on Opel/Vauxhall by giving them a full-fledged dealer network. GM could even agree for x # of years to allow AC/Delco to be a major parts source for distribution until the new company gets their own platform online.
Granted… I’d hate to see GM lose Opel/Vauxhall (I’d prefer they just sell Daewoo but they’re hinging a lot of their future on Korean evolutions of the Opel-designed platform) but for as long as GM has squandered the ownership on the U.S. shores… somebody new owning the 2 could hopefully look seriously at bringing the GM products to market in the U.S. and without decontenting or neutering them as GM has historically done.
Far as the Chinese ownership… I think it’s only a matter of time before they buy in somewhere. While I know there’s a bit of animosity over the idea, I think in the end… a Chinese owned Opel/Vauxhall/Saturn is better than nothing. I don’t know that this is any better/worse than Abu Dhabi buying in. The Arab’s want an automaker to remain credible long term since it’s eventual that we move away from oil. The Chinese want some form of ability to become a major player. I put the chances high on either one stepping up.
It’d be nice if an American or European company could step up and buy in but too many of them are too beleaguered to do so. This would’ve been a better value (a Saturn/Vauxhall/Opel deal) for Fiat than Chrysler but they already put their $ into that hat. I don’t know that Citroen/Peugeot could swing it either. Renault might be able to but I think for them, ownership of Hummer and reformatting it as a new Jeep-esque brand might be of more value. About the only hope of an American buying in is if Bill Gates gets bored and wants to try his hand at automobiles. That has it’s own scary implications in it’s own right.
04/21, 12:47 AM
posted by:
JakeK66
Ouch JohnnyC. I’ll take game 5 and see where it takes us… At least Perron is looking good.
04/21, 7:48 AM
posted by:
MercMark
Once again, DON’T SELL TO THE COMMIES!
04/22, 1:19 AM
posted by:
Patriot
It would be a fundamentally strategic mistake to give Chinese access to established brands like that. Doing so allows them to leapfrog the development of their own vehicles, accelerating their ability to compete with other automakers in quality and safety.