Beijing Auto Seeks Fuel Cell, Hybrid Tech in Opel Bid, WSJ Says
By Dave McCombs
July 8 (Bloomberg) — Beijing Automotive Industry Holding Co. said General Motors Corp.’s engine technology is the “key driver” of its bid for the failed U.S. automaker’s European unit, the Wall Street Journal reported, citing a Beijing Automotive document addressed to GM.
Under Beijing Auto’s proposal, GM would have to “license all alternative propulsion technologies (i.e. hybrid, fuel cells)” to Opel, including the new company’s planned Chinese operations, the report said.
