Opel deal!

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Fiat looses, Magna wins.

-Magna owns 20%
-Russian Sberbank owns 35%
-Opel employees own 20%
-GM still owns 35%

That means GM could still have access to Opel cars for sales in the US.
Not bad news.

Conversation 10 comments

  1. Well, it would have been weird to suddenly have Chrysler and Opel under the same umbrella… What I wonder is if Magna will lose other business from the understandable fear of other companies that their solutions might find their way to Opels…

  2. I just read on autoblog that Magna would like to build cars in Canada and possibly supply cars to Saturn. That would be better than those Samsung cars. Although they will probably be more expensive. Oh well, I guess it’s always a trade off.

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