RHJ says battle for Opel far from over

FRANKFURT: 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 in a newspaper interview.

RHJ still has good chances of winning the prolonged bidding process for the General Motor's unit, Chief Executive Leonhard Fischer told the Handelsblatt newspaper in an interview published yesterday.

Fischer's comments come after GM chief Fritz Henderson and Magna Co-CEO Siegfried Wolf met on Friday evening in an attempt to jumpstart a stalled bidding process.