BERLIN: All three bids for General Motors Corp.’s Opel unit have shortcomings and a bankruptcy filing might still be a better option, Germany’s economy minister was quoted as saying.

The three bids filed last Wednesday by potential investors came from Italy’s Fiat SpA, a consortium of Canadian auto parts maker Magna International Inc. and Russia’s Sberbank, and US buyout firm Ripplewood Holdings LLC.

“We now have three offers for an Opel takeover, but that doesn’t mean that one of them will automatically come to fruition,” Economy Minister Karl-Theodor zu Guttenberg told the Bild am Sonntag newspaper. (AP)