Sunday, July 24, 2011

VW Reportedly Put a Price on the Table for GM’s Opel after Hearing Rumors about Hyundai’s Interest

German monthly publication ‘Manager Magazin’ reported in its latest issue that the Volkswagen Group has a far deeper interest in Opel than originally thought.

Citing unnamed sources close to the automaker, the financial magazine said that Volkswagen gave General Motors a rough estimate of what it is willing to pay for Opel after the German company heard rumors about Hyundai’s alleged interest in the European brand.

Always according to the article, GM is said to have found the offer for Opel too lo to accept.

Dow Jones came in contact with a Volkswagen spokesman who declined to comment on the matter simply stating that "We don't comment on market rumors in general”.

On Opel’s behalf, a company spokesperson called the German magazine’s report “pure speculation” and pointed towards a previous statement regarding the matter in which GM said: “Opel has been a part of the GM family since 1928 and remains important for the company”.



Post a Comment


CoolCarsandVehiclesPicures acknowledges that though we try to report accurately, we cannot verify the absolute facts of everything posted. Postings may contain fact, speculation or rumor. We find images from the Web that are believed to belong in the public domain. If any stories or images that appear on the site are in violation of copyright law, please email [] and we will remove the offending information as soon as possible.