KROES WARNS GERMANY NOT TO ADD STRINGS TO OPEL DEAL
September 1st, 2009
BY KEITH NUTHALL
BRITISH dealers of Vauxhall and Opel cars can draw comfort from a European Commission pledge to prevent the planned Magna International and Sberbank takeover of Opel/Vauxhall being framed to close UK plants ahead of those in Germany. Speaking to the European Parliament, European Union (EU) competition Commissioner Neelie Kroes said that the German government's offer of Euro 4.5 billion to the planned New Opel company owned by Magna/Sberbank must not have strings. She said it "cannot be subject - de jure or de facto - to additional ...
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