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Tuesday, November 03, 2009
GM Decides Not To Sell Opel
By Sue Chang
MarketWatch Pulse
SAN FRANCISCO -- General Motors said late Tuesday that it decided not to sell Opel due to an improving business environment over the past several months. It will also restructure its European operations in "earnest" at a cost of about 3 billion euros ($4.4 billion), the automaker said in a statement. "GM will soon present its restructuring plan to Germany and other governments and hopes for its favorable consideration," said Fritz Henderson, GM's president and chief executive.
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