BGN Entrepreneur

The board of directors at General Motors just made a surprise decision cancelling the planned sale of its European arm–Opel, to Magna, a car-parts supplier, and Sberbank, a big Russian bank.
After talks with the German government, GM agreed in S eptember to sell the business, though European regulators said that they would study the deal amid concerns that German workers were being protected at the expense of more efficient plants elsewhere. GM wants to retain Opel due to the improving business environment, but this decision sparked a furious backlash in Germany.

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