Announcement

Monday, June 1, 2009

Russia gets a slice of GM Opel operations in Europe

RIA Novosti reported that Germany and Magna International, backed by Russia's Sberbank and GAZ reached a deal early Saturday that will see the consortium take over car maker Opel, part of US car giant GM.

Magna, Canada's largest auto component maker will acquire a 20% stake in Opel with

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