Thursday, October 15, 2009

General Motors, Magna International and Sberbank

Magna International Inc.Image via Wikipedia

General Motors, Magna International and Sberbank were expected to sign binding agreements for the sale of Opel/Vauxhall. Separately, Magna secured British backing for the deal after giving assurances of continued vehicle production at Ellesmere Port and Luton. Final closure of the deal on November 30th is still conditional on EU approval.

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