GM decides to keep Opel, citing improved financial health

ERJ staff report (AN)

Detroit, Michigan (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 US 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.

“GM will soon present its restructuring plan to Germany and other governments and hopes for…

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