Thursday, December 23, 2010

GM Decides to Keep Opel After All, Cancels Sale with Magna

In a strange turn of events (though some might rightfully disagree….), GM today announced that the company’s Board of Directors decided to terminate the sale process of Opel to a Russian-backed group led by Magna and keep the European unit under its control. The U.S. automaker said that it took this decision because of an “improving business environment for GM over the past few months” as well as

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