G.M. to Keep European Division

Reversals

Updated Apr. 25, 2017 11:57AM EDT / Published Nov. 04, 2009 12:51AM EST

Call it an EU-turn: General Motors announced on Tuesday that it will retain its European division, Opel. The move is, the Financial Times writes, an embarrassment for the German government, which had thrown its weight behind the sale of Opel to Canada’s Magna and Russia’s Sberbank. According to the AP, Opel labor representatives called for work stoppages across Europe to protest the decision.

Read it at Financial Times

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G.M. to Keep European Division