Unions Mixed On GM Decision To Retain Opel

Law360, New York (November 4, 2009, 6:28 PM EST) -- General Motors Co. has scrapped plans to sell its majority stake in its European brands Opel and Vauxhall, deciding instead to hold on to the units and prompting mixed reactions from European labor unions.

In an unexpected announcement Tuesday, General Motors Co. revealed that its board of directors had decided to keep Germany's Opel and the U.K.'s Vauxhall, in the wake of an improving business environment for GM, and planned to launch a restructuring of its European operations.

GM first announced a plan to sell its...
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