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RHJ says GM sale is not decided
The outcome of the bidding process for GM’s German unit Opel is not a foregone conclusion, despite widespread backing for rival bidder Magna, the head of RHJ International said yesterday. RHJ still has good chances of winning the prolonged bidding process for the General Motor’s unit, chief executive Leonhard Fischer said. Fischer’s comments come after GM chief Fritz Henderson and Magna co-chief executive Siegfried Wolf met on Friday evening in an attempt to jumpstart a stalled bidding process.