Even after the company will pass to new ownerships, the plants of Vauxhall in the UK will continue to be open. GM, the parent company of Vauxhall and Opel, is said to be in the verge of revealing its choice of a bidder for both companies. The government has secured a guarantee from the three remaining bidders for GM Europe that Vauxhall will continue production in the UK indefinitely.
The three bidders have been identified as Fiat, Magna, a Canadian parts maker, and RJH, a private equity from Belgium. Another bidder, Beijing Automotive Industry Corporation (BAIC) has also made its proposal to buy Vauxhall and Opel. There are reports saying that of the three bids, Fiat is the most unlikely.