GM says China's BAIC out of Opel race

BERLIN: General Motors Europe said on Thursday it was no longer talking to China's Beijing Automotive Industry Holding (BAIC) about it acquiring Opel, leaving just two bidders: Magna and RHJ International.

"We had a good and thoughtful discussion around the key operating metrics and key issues associated with the three final offers we received on Monday evening," said John Smith, GM's chief negotiator for the sale of Opel.

"We have agreed to continue detailed talks with both Magna and RHJI to secure Opel's future."