GM opts to keep Opel, scraps sale to Magna - FTA

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GM opts to keep Opel, scraps sale to Magna

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11-03-2009, 11:00 PM

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GM opts to keep Opel, scraps sale to Magna

DETROIT/FRANKFURT (Reuters) - General Motors reversed course on Tuesday by abandoning a long-expected sale of its Opel to a group led by Canadian auto supplier Magna and opting to keep the European unit after a year of uncertainty and high-stakes political negotiations.

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