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SUNDAY, NOVEMBER 22, 2009
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GM Won't Sell Opel After All

European operations won't go to Canadian outfit

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(Newser) – General Motors backed out today on a deal to sell Opel, its European arm, to a Canadian parts supplier and its Russian banking partners. The GM board’s move reflects an uptick in the auto business, the Financial Times reports, and will also be a blow to the German government, which put great effort into the sale to Magna and its associates.

Opel headquarters in Germany.
Opel headquarters in Germany.   (AP Photo)
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donnz
Nov 4, 09 5:33 AM CST
I had an Opel Kadett' when it first came out. It was a cheap / but dependable mode of transportation. Wish I still had it. Reply
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