Yes, GM sold 55% of Opel today to the Canadian auto-maker magna international & Russian state controlled bank Sberbank 20% and 35% respectively while keeping 35 % of Opel stacks, giving 10% to its employees giving Russian/Canadian consortium a majority.
That deal is great news for Russia, owning a top car brand as well as boosting its car manufacturing ability through car maker Gaz which will produce Opels for the Russian & Eastern Europe markets.
I wonder if russian built opels will be cheaper since russian workers are surely paid less than german ones.
Showing posts with label Gaz. Show all posts
Showing posts with label Gaz. Show all posts
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