• From The BBC:

    It has been widely reported that General Motors (GM) has chosen the Canadian car parts manufacturer Magna to buy Opel and sister firm Vauxhall.GM is expected to make an announcement later in the day and is understood to have attached conditions to the sale. Earlier, there were rumours that GM could be planning to try to keep control of its European arm. Magna is the German government’s preferred bidder. Any decision will have to be approved by the Opel Trust. It has called its own news conference in Berlin at 1615 (1415 GMT). The German-led Opel Trust has controlled the European operations since GM sought bankruptcy protection in the US. It contains representatives from GM, the German federal government and the German states that contain Opel plants. The rival offer came from the Belgian investment group RHJ. Job newsOpel employs a total of 54,500 workers across Europe, with 25,000 based in Germany.
    Its Vauxhall brand employs 5,500 people in the UK, primarily at its two British plants…

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    Posted by Jon @ 1:32 pm

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