In Global Shift, G.M. Plans Sale of Europe Unit

babsbunny

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Sat May-30-09 08:47 PM
Original message

In Global Shift, G.M. Plans Sale of Europe Unit

http://www.nytimes.com/2009/05/30/business/global/30auto.html?_r=1&th&emc=th

By NELSON D. SCHWARTZ and CARTER DOUGHERTY
Published: May 29, 2009

The global reordering of the auto industry took a big step forward on Friday as an unlikely alliance led by Magna International, a Canadian auto parts maker, and Sberbank of Russia tentatively agreed to buy the European operations of General Motors.

The deal was brokered by the German government in Berlin, with negotiations stretching from Moscow to Washington, Detroit, Ontario and New York, where G.M.’s board gathered for a meeting ahead of an expected bankruptcy filing on Monday.

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Stinky The Clown

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Sat May-30-09 09:03 PM
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1. They've owned Opel forever.

And it was pretty much profitable, too, wasn't it?

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SidDithers

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Sat May-30-09 09:30 PM
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2. Gotta love American reporting...

Moscow, Washington, Detroit, Ontario, New York
city, city, city, province, city

Apparently, we don't have cities in Canada.

Sid

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