Thread: Good News from GM
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11-04-2009 07:35 AM #1
Good News from GM
DETROIT (Reuters) -- General Motors Co. has decided to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna International Inc.
GM, which on Tuesday posted its first U.S. sales gain in 21 months, cited an improving business environment and the importance of Opel and its British unit Vauxhall to its global strategy as reasons for the switch.
Don't know out you guys, but I for one am glad that GM will not be selling Opel to the Russians..
Regards All,
Glenn"Where the people fear the government you have tyranny. Where the government fears the people you have liberty." John Basil Barnhil
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Merry Christmas ya'll
Merry Christmas