RUESSELSHEIM -- General Motors is rejecting dealers' participation as investors in the new Opel. Even Magna International Inc., a potential investor, has no interest in seeing the brand's sales partners take a stake in the company.
Dealers had offered to buy up to 20 percent of the new Opel.
"We received a signal from GM as well as Magna that this wasn't that desirable," said Thomas Bieling, a spokesman for the Opel dealer group.
At the same time, GM, Opel's parent, is again talking with several bidders, including Chinese automaker Beijing Automotive Industry Holding Corp. The Chinese automaker, Daimler AG's partner in a venture in China, sent representatives to Ruesselsheim for the first time last week.
According to reports, Arab parties have shown a serious interest in the company, too.
In light of these developments, Fiat S.p.A. now is considering re-entering the bidding for Opel.
"It's true that Fiat hasn't jumped into the game again, but it's watching the situation very closely," said an advisor working for the Italian company.
The view at Fiat headquarters in Turin, Italy, is that the matter doesn't simply involve Opel but also markets in Asia and Latin America.
Fred Irwin, the chair of the new Opel trustee advisory board, warns against making a determination prematurely.
There is only a legally non-binding memorandum of understanding with Magna, he said. "We are going to talk with all the investors and then perform a rational analysis."