Magna, Sberbank to acquire Opel
German auto plants to stay open; GM to keep minority stake
Posted: September 11, 2009 at 3:56 a.m.
A 1933 Opel car is displayed Thursday at Opel headquarters in Ruesselsheim, Germany.
General Motors said Thursday that Canada's Magna International Inc. and Russian lender Sberbank would take a majority stake in GM's European subsidiary Adam Opel GmbH, leaving the U.S. automaker with a minority stake that will enable it to continue developing vehicles with Opel.
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Business, Pages 31, 32 on 09/11/2009
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