London
- UK Business Secretary Lord Mandelson has been critical of German Chancellor Angela Merkel
for politicising the bidding contest ahead of
federal elections in the country, at the end of
September. There is speculation that GM, which only recently emerged from Chapter 11 bankruptcy with a host of new US government-appointed board
members, may prefer to exercise a buy-back option in the
future. GM may be also toying with the idea of placing Opel into
insolvency.
