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GM doesnâ€™t want Opel to fall in hands of Russia

GM doesnâ€™t want Opel to fall in hands of Russia

01 September 2009 10:51 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. General Motors Co. negotiators urged the German government to pressure Magna International Inc. into making an offer for GMâ€™s Opel unit without Russian backing, Spiegel reported, without saying where it got the information.

GM told German officials a sale of Opel to Magna would stand a better chance getting approval from its owner, the U.S. government, if there was no Russian involvement, the weekly newspaper said in a pre-released story from its next edition.

Germany rejected the request, saying it had made promises to Russian President Dmitry Medvedev. Magnaâ€™s investment partner is Moscow-based OAO Sberbank. Source: Bloomberg

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