General Motors rejects Opel bid
SolarWorld, which bought Shell’s solar fuels operation two years ago, has offered GM £844m for Opel.
The offer was for Opel’s four factory sites and its research and development base. However, it was not for any of the assets or facilities of Opel's UK subsidiary Vauxhall.
The offer has been rejected by GM and Opel, even though GM claims it will run out of money before Christmas, and is currently lobbying in America and Europe for cash bail-outs.
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