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Magna plays high-stakes car industry game

The bid by Magna International of Canada for control of General Motors’ Opel arm, endorsed by the Kremlin, has been described by some analysts in geopolitical, “great game” terms. Beijing Automotive of China is also vying for Opel alongside Brussels-listed RHJ International in what could prove a once-in-a-lifetime chance for emerging-market investors to buy a large carmaker and finance the stake purchase with billions of euros of European government loans.

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