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GM board decides to keep European Opel unit

November 3, 2009 By The Associated Press DEE-ANN DURBIN (AP Business Writers), TOM KRISHER (AP Business Writers)

DETROIT (AP) — General Motors Co. said Tuesday it will keep its European Opel unit and restructure it instead of selling a 55 percent stake to Canadian auto parts maker Magna International and its partner, Russian lender Sberbank.

GM's board of directors made the decision at a daylong meeting after determining that a 3 billion euros ($4.43 billion) restructuring plan was significantly lower...

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