Optimum News 12 Newsday.com MSG Varsity Explore LI AM New York Optimum Autos Optimum Homes

Content Preview Newsday 7 day/Optimum Online® subscribers click here for full access
Not a Newsday or Optimum Online® subscriber? Click here

GM says Magna, Sberbank to acquire Opel

Published: September 10, 2009 4:31 PM
By The Associated Press  GEORGE FREY (Associated Press Writers), PATRICK McGROARTY (Associated Press Writers), TOM KRISHER (Associated Press Writers)

Quick ReadGM European unit Opel to go to Magna, Sberbank consortium

Photos

BERLIN (AP) — General Motors Co. will sell European unit Opel to Canadian auto parts maker Magna International and Russia's Sberbank in a deal that preserves GM's ability to develop new cars with its longtime subsidiary.

The announcement Thursday was a politically charged win for German Chancellor Angela Merkel, who saw the deal as the best change to save jobs at a major employer less than...

Newsday & ExploreLI are now available at no charge to Newsday 7-day and Optimum Online® subscribers. To continue reading, please log in or register now.

Already
registered on
newsday.com?
Log in
Newsday 7-day
or Optimum Online®
subscriber?
Get access
Not a Newsday 7-day
or Optimum Online®
subscriber?
Click here