Cars and Drivers

GM Screws The Germans, Will Keep Opel

The German government went to a great deal of trouble to finance a bid for Canadian parts firm Magna (NYSE:MGA) and a Russian financial group to buy GM’s Opel and Vauxhall operations. GM has turned around and decided to keep the European companies, perhaps relying on US bailout money and an improving US car market to fund retaining and restructuring the companies.

Germany had offered $6.58 billion in state aid to help close the Magna transaction. It remains to be seen if the same capital will be available to GM.

Douglas A. McIntyre

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.