GM to Keep Opel, Vauxhall
Law Blog - WSJ.com (Free subscription) | 11/04/2009
BY JOHN D. STOLL AND SHARON TERLEP In a dramatic change of course, General Motors Co. is backing out of a deal to sell the company's European operations to car-parts supplier Magna International Inc., and now plans to spend billions to restructure the money-losing business itself.The decision to keep control of Opel of Germany and its British sister company Vauxhall was made at a board...