OPEL DEAL UNDER INTENSE POLITICAL PRESSURE OVER SUBSIDY CONCERNS
September 1st, 2009
BY ALAN OSBORN
THE SALE of General Motors' European auto-manufacturing subsidiary Opel to a Canadian-Austrian-Russian consortium is developing into a bitter dispute over how job losses arising from the deal are allocated between European Union (EU) member countries and who provides the funds for Opel's restructuring. About half of GM's 54,000-strong European work force is located in Germany with important plants in Spain, Britain and Poland.
GM wants to sell its controlling interest in Opel to Canadian car parts-maker Magna and the Russian development bank ...
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