Beijing parking disc Auto has reasons to fail in Opel, Saab and Volvo bid
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Beijing Auto has reasons to fail in Opel, Saab and Volvo bidPublished: 15 Jun 2009 21:50:50 PST

Shanghai, June 15 (Gasgoo.com) Beijing Automotive Industry Holding (BAIC), China's fifth-largest carmaker, has reasons to fail in Opel, Saab and Volvo bid, and it will not engage in such talks for the time being, reported China Business News on Monday, quoting a company source familiar with the situation.

The source told the newspaper that BAIC will not hold such talk anymore because the foreign automakers are not really interested in it.

The person elaborated that "BAIC did hold a brief talks with Opel, but with our bid arriving late and German's government's pressing on a Magna deal, BAIC's acquisition of Opel becomes an unlikely outcome."

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