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GM to sell Opel to Magna by end of November

September 11, 2009 by Matt Brogan  
Filed under Car News, GM, Industry, Opel, vauxhall

The General Motors board has chosen to sell 55 per cent of its European subsidiary Opel/Vauxhall to Canadian parts manufacturer Magna International and its Russian partner Sberbank by November 30th.

A senior executive from General Motors said it should close a deal with Magna and Sberbank by theĀ  November deadline.

“I see no obstacles [...]