Berlin To Beijing: "Too Late"
May 27th, 2009 1:41 PM
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Automotive News [sub] is reporting that Beijing Auto’s bid for Opel “came too late for the government to assess it in depth,” according to German Finance Minister Peer Steinbrück. Thanks for playing! Now how good did that offer have to be for the German government to have to avoid looking at it all together?
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Automotive News may want to check their German sister publication Automobilwoche. Automobilwoche says, BAIC came too late for today's meeting, "but will be included in the negotiations in the following days." See my updated report. If that is true, and if the meeting tonight will whittle the contenders down to two, then BAIC's odds actually would have risen. If ....