Opel sale hits a snag. German government could be in a bind.
If the European Union sticks to its guns, General Motors may be able to sell its German Adam Opel AG unit in a more competitive auction or keep the company after all. Recall that GM just agreed to sell 55% of Opel to Canadian parts maker Magna International and its partner, Russia’s OAO Sberbank, and 10% to the workers. Magna won the bid because the German government wouldn’t give the needed $6.6 …
David Welch
Read the whole story at :
Auto Beat - BusinessWeek
Topics: german, america, north, russia