GM calls off sale of Opel and Vauxhall
http://www.google.com/hostednews/ap/...0LOOgD9BOBU481
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The German governmnet can't be too happy seeing as they've already pledged a few billions to Magna in loans, whereas the Union people in the UK seem to have accepted the news with open arms.
I for one am glad....cant see Vauxhall being able to survive on its own without Opel backing. |
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Terminating any agreements will still cost the german government money! Im sure there will be some sort of legal action on their part!
Nonetheless, if GM can recover in this way, surely its good news and a sign of some sort of recovery in general. |
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