GM Cancels Sale

[Nova_Tek]

Dunno if a repost but just read this on the BBC site. GM are not gonna sell Opel/Vaux to Magna

http://news.bbc.co.uk/2/hi/business/8341485.stm

[AlexW]

Yay?

[Lynsey]

Hopefully it was the best thing for GM to do. Time will tell, I suppose.

[craig green]

Great news. I heard it on radio 2 earlier.
Another sign of the economic downturn, turning up?

[Nova_Tek]

Hopefully GM sorts it self out, good to see their sales figures have doubled.

[dj_wudgey]

**** hot!!

[cormac81]

Great news indeed, I was worried that the magna takeover would have been a disaster for new models etc.

[Jack]

Interesting, I thought it was a done deal. I can see Magna taking legal proceedings on that.

I hope it does work out for GM so that a) they don't end up having to put Opel/Vauxhall back up for sale as after this NOBODY will want to touch them and b) they can damn well bring back good ol' Pontiac :d

[Jon_nova1]

Yep, GM claim they've had a major upturn in recent months, so no longer need buying out