Magna Sberbank proposal on Opel finalised

Canadian car parts group Magna, along with Russia's Sberbank, have finalized their proposal to buy General Motors German subsidiary, Opel.

With the German government indicating a preference for the Magna Sberbank proposal to succeed with the bid, GM will decide between it and a rival bid from Ridgwood Holdings.

After announcing an earlier agreement, GM edged away the original deal over differences on control of intellectual property rights.

RT spoke with Christoph Stuermer, Automotive Expert at IHS Global Insight about the revised bid and the likely outcome.