GM cancels Opel sale
General Motors (GM) has cancelled plans to sell a majority stake in its European car business Opel, including its UK brand Vauxhall.
The US giant said in a statement that its board had made the decision because of "an improving business environment for GM over the past few months".
GM had agreed to sell Opel and Vauxhall to Canadian car parts firm Magna. It said it would now be seeking aid for Opel from the German government and other European states.
source: BBC
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