Thursday, September 10, 2009
Finally, G.M. Decides Opel's Fate
After several dramatic months of ups and downs G.M. has finally decided to sell Opel to Magna. The bid will give Magna a 55 percent stake in Germany-based Opel, as well as Vauxhall, based in Britain. G.M. will keep a 35 percent stake, while Opel’s employees will keep 10 percent. Although we do not know the details of the decision the deal is ultimately coming with some strings attached.