Magna won the race for Opel
Germany expects that the transaction will be approved by the Governing Board of the Opel truncated one-sixth of robotnite jobs in Europe
Opel will make a small car and a hybrid model
Germany and Spain join forces against the massive cuts in Opel
General Motors (General Motors) agreed with the Austrian-Canadian group Magna (Magna International) and its Russian partner for the sale of Sberbank Opel (Opel), Reuters reported, citing CEO of Magna.
The agreement, however, does not mean that the Belgian group RHJ International has gone out of the game, the agency said. The chief negotiator from the Detroit giant John Smith commented that the company also managed to agree with the Americans.
Deutsche government, which had overwhelming support of the Magna, it is expected that the transaction will be approved by the Governing Board of the Opel as soon as possible.
Magna has reached an agreement in principle for further Opel in late May, but because the corporation claims ownership of technology for producing General Motors tip to the Belgians.
In the race include state and the Chinese company Beijing Auto (Beijing Automotive Industry Corp), which, however, failed to hold it to the finish of the race.
RHJ was preferred by General Motors played a real possibility for Americans to redeem German corporation in better times. Germany, however, not her manners this option and the politicians have done everything possible to influence the transaction with the advantageous offer for the German side.