Nov 2nd, 2009 - Autoblog
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After months of negotiations with supplier Magna and its Russian partner Sberbank, General Motors has decided not to sell its Opel unit. The General mentioned in the post-jump press release that the new board of directors came to the decision to keep Opel due to GM's recovering financial situation coupled with an improving business environment in Europe. GM's move to keep Opel comes just one week after EU's Directorate-General for Competition began investigating the sale to Magna to be sure it was based on sound financial footing and not because of political influence from Germany.
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GM Said to Replace Forster, Seek German Executive to Run Opel
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- General Motors Co. plans to replaceCarl-Peter Forster as head of European operations and appointNick Reilly as interim leader after deciding to keep the Opeldivision...Anger erupts in Germany over GM's decision not to sell Opel
Nov 4th, 2009 - baltimoresun
FRANKFURT, Germany Anger and disbelief erupted in Germany on Wednesday over the unexpected announcement by General Motors that it's decided not to sell its European Opel and Vauxhall operations to a Canadian-Russian consortium.
GM backs out of Opel sell off
Nov 4th, 2009 - CNN
London, England (CNN) -- Automobile giant General Motors says it has decided to keep its European Opel unit and is canceling a planned sale to Canadian firm Magna. The...
GM decides to keep Opel unit
Nov 3rd, 2009 - Los Angeles Times
General Motors Co. said Tuesday it would keep its European Opel unit and restructure it instead of selling a 55% stake to Canadian auto parts maker Magna International and its partner...
GM to Retain Opel After All
Nov 3rd, 2009 - Wall Street Journal
DETROIT -- General Motors Co.'s board of directors has switched course on the company's decision to sell control of its Opel and Vauxhall units to Magna International Inc....
