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China's BAIC submits non-binding Opel offer-sources

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03 July 2009 @ 09:25 am ET

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FRANKFURT - Chinese state-owned automaker Beijing Automotive (BAIC) has submitted an indicative, non-binding offer for General Motors' German carmaker Opel, sources familiar with the situation said on Friday. It planned to make a binding offer by the middle of July, one of the sources added.

The Opel Flextreme concept car is shown at the Auto China 2008 in Beijing April 20, 2008. The show is open to the public from April 24-28, with press and trade days on April 20-23. (Reuters Photo / Victor Fraile)

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GM Europe declined comment.

Canada's Magna is frontrunner to buy Opel. RHJ International is also in the running.

(Reporting by Angelika Gruber, Writing by Michael Shields)

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