Gm Says Magna, Sberbank To Acquire Opel (ap)

A sign painted by a demonstrator is seen at the Opel car manufacturer plant in Bochum, western Germany, Thursday Sept. 10, 2009. General Motors Co. said Thursday that a consortium of Canada's Magna International Inc. and Russian lender Sberbank would acquire a majority stake in its European subsidiary Opel. (AP Photo/Frank Augstein)AP – General Motors Co. 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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