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Foundry Daily News

27. August 2009

GER - Magna in pole position for Opel decision

The board of General Motors is set to choose a preferred bidder on Friday for a controlling stake in Opel/Vauxhall amid intense pressure from the German government to favour Magna International, the Canadian parts maker.

The decision will be made amid growing disquiet over the sale process among other EU member states where the Detroit carmaker has operations.

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