GM Board Recommends Selling Majority Stake in Opel/Vauxhall to Magna International/Sberbank; Opel/Vauxhall to Remain Part of GM Global Product Development
Green Car Congress
SEPTEMBER 10, 2009
Ending what had extended into a longer-than-expected process of deliberation and negotiations, the Board of General Motors announced its support for a bid from the consortium of Magna International Inc. and Sberbank to buy a majority stake in its European Opel/Vauxhall operations.
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