Nov 4th, 2009 - Bloomberg
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Nov. 4 (Bloomberg) -- General Motors Co.’s board began ameeting poised to sell most of Opel to Magna International Inc.and scrapped the deal after concluding that the money-losingunit could be saved, people familiar with the matter said.
Directors reached that decision after talks that started ata Nov. 2 dinner and ended yesterday, said one of the people, whoasked not to be identified because the discussions were private.Chief Executive Officer Fritz Henderson went into the sessionexpecting a sale, people familiar with the deliberations said.
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GM cancellation of Magna sale raises new uncertainty over Opel, infuriates German politicians
Nov 4th, 2009 - WashingtonExaminer
BERLIN — General Motors Co.'s decision to scrap the sale of European subsidiary Opel raised new uncertainty Wednesday over the unit's future, astonishing politicians in Germany and Russia...
GM cancelation of Magna sale raises new uncertainty over Opel, infuriates German politicians
Nov 4th, 2009 - StarTribune
BERLIN - General Motors Co.'s decision to scrap the sale of European subisidiary Opel raised new uncertainty Wednesday over the unit's future, astonishing politicians in Germany and Russia and prompting workers to plan walkouts in protest.Deep GM revamp of Opel vital for company, market
Nov 4th, 2009 - Reuters
PARIS (Reuters) -General Motors must push for a deeper restructuring of Opel than thwarted suitor Magna (MGa.TO) had planned if it wants to reap the benefits of the surprise move to keep the unit.
GM's U-turn on Opel sale irks Germany
Nov 4th, 2009 - Washington Post
FRANKFURT/BERLIN (Reuters) - General Motors' <GM.UL> decision to keep its European arm Opel after months of negotiations to sell it triggered anger and dismay in Germany...
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...
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