Magna and Russians Land Opel
GM has agreed to sell a majority stake its struggling Opel subsidiary to a consortium led by Canadian mega-supplier Magna; triggering a $2.5 billion German bailout.
View ArticleOpel Deal Won’t Be Derailed, Say Partners, But Criticism Mounting
Though Opel officials are calling it a "milestone," there's growing opposition to the sale of a controlling stake in GM's German subsidiary - and the threat of a strike as officials warn job losses...
View ArticleGM Completes Sale of Opel/Vauxhall to France’s PSA
Moving faster than many expected, GM has completed the sale of its money-losing European operations to PSA Group, the French automaker’s chairman hailing “the birth of a true European champion today.”...
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