GM's Board Meets Again to Discuss the Fate of Opel

GM’S board is meeting again to discuss the fate of the Opel and Vauxhall brands and a decision could come out as early as today. The board is expected to hold its second round of meetings today after it failed to make a decision last month.

Currently there are two bidders for Opel, RHJ and Magna. Germany’s organized labor is supporting a sale to Magna because it is expected to save more jobs in Germany. On the other hand GM is worried that a sale to Magna would hurt GM’s Russian business. Although GM could delay the announcement again, political pressure may bring a decision sooner than later.

Full Story: Free Press

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