Magna, GM aim to sign Opel deal by July 15

ERJ staff report (AN)

Frankfurt, Germany (Reuters) — General Motors and Magna International Inc. have set themselves a target to agree by July 15 on the sale of a majority stake in Opel to the Canadian auto parts group and its Russian partner Sberbank, sources close to the talks told Reuters.

“There was an agreement that Magna and GM on July 15 should be far enough in their negotiations that they can reach a conclusion that serves as the basis for a contract,” one person familiar with…

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