General Motors Corp.'s (GM) European division said Wednesday it expects to receive at least three bids from potential investors by 1600 GMT today for the group's European division.

A company spokesman declined to elaborate on any names of potential investors.

Italian automaker Fiat SpA (F.MI) plans to integrate GM's European, Latin American and South African operations into a global alliance with its own auto unit and Chrysler LLC.

Austrian-Canadian auto parts supplier Magna International Inc. (MGA) has also signaled its interest in GM Europe, but hasn't provided further details on its plan so far.

A person familiar with the matter told The Wall Street Journal earlier this month that RHJ International, a European buyout firm with holdings in the auto-parts industry, has also emerged as a suitor for GM Europe.

Company Web site: www.gm.com

-By Katharina Becker and Christoph Rauwald, Dow Jones Newswires; +49 69 29 725 512; christoph.rauwald@dowjones.com