Breaking News-GM to Keep Opel,Vauxhall.
November 4th, 2009
The on again/off again saga on the sale of German car maker Opel and its British counterpart Vauxhall has added a further twist today when giant US carmaker announced that it will not now sell its European offshoots.
It was finally announced in September, after months of speculation that GM would sell 55 percent of Vauxhall and Opel to a Canadian led consortium.
Since then politics has played its inevitable part with governments and unions seeking work and plant guarantees.
However GM stated today thet the reason for withdrawing from the proposed sale is that ‘ the business environment has improved’.
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