Germany's finance minister said no to Opel's 3 bidders

Zhao is "badly beaten" by 3 rival bidders for acquiring Opel assets. Gudenborg, Germany's finance minister, said yesterday in an interview with the media that "no one is right for the German government to take risks and waste taxpayers ' money."　　"The orderly bankruptcy may be the only way to solve the Opel problem," Gudenborg added.　　There are now 3 companies formally offering an offer for GM's Opel business, including Italian carmaker Fiat, Canadian auto parts company Magna and private investment fund RHJ from Belgium. Opel's restructuring plan now requires about € 3.3 billion, and in an earlier plan, Fiat plans to provide € 700 million for Opel,　　And cut 18,000 people in GM Europe, not just Opel, but also Fiat's own staff; Magna plans to provide € 500 million of money and cut some 10,000 people, while RHJ plans to provide up to 500 million euros in capital and cut 10,000 people.　　Opel has a total of 55,000 employees throughout Europe, with 25,000 employees in Germany and factories in Germany, Belgium, Poland, Britain and Spain. Before that, layoffs and layoffs were key to GM's and German government's "aptitude" for buyers.　　During the German presidential election, the ownership of Opel as a party to the use of trade unions, unemployment and other big fuss. But Fiat CEO Marchionne has been emphasizing the possibility of a more integrated Fiat business with Opel than the other two.　　And the other two companies, do not have the experience of running the entire vehicle manufacturing, the success of the Opel is difficult to win.　　Chen Wenkei, CEO of the Furious Car network, said to CBN reporters that Magna would indeed become a major obstacle to Fiat's acquisition of Opel, but not a barrier to competing for equity quotas, but an obstacle to price highs. Magna's offer would have a big impact on Opel's overall offer, and Fiat itself does not have the wherewithal to get Opel and Chrysler through equity and government support, and Magna's offer could easily help Opel raise its value.　　Earlier, Magna in Soberos to Daimler Mercedes-Benz acquisition of Chrysler Stake, also participated in bidding, let Soberos pay 7.4 billion dollars "price." As of last night, German Chancellor Angela Merkel was in the final round of negotiations with the three-party lobbyists to reconfirm the terms of the takeover and the likelihood of future operations.