GM agreed to sell its Germany-based Opel unit, which employs 55,000 workers in Europe, to Magna International, a Canadian auto-parts company, and Sberbank, the largest bank in Russia.
Politicians in Belgium allege the Antwerp plant is more profitable than a German counterpart that has been spared, and are seeking an investigation if Germany sweetened the Magna deal in exchange for a promise to protect German jobs….The European Union's competition committee is now looking into Germany's role in the deal to determine if Berlin's lobbying broke EU antitrust regulations
Saturday, January 9, 2010
Thousands of European workers rally against sale of GM's Opel
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