Saturday November 28, 2009 1:37 PM ET
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Breaking News
Union Says GM Is Not Able to Restructure Opel
FRANKFURT -(Dow Jones)- German labor union IG Metall Wednesday said General Motors Co. isn't in a position to restructure its German Adam Opel GmbH unit and fears the unit might become insolvent.
Following months of negotiations, U.S. carmaker GM reneged on a tentative plan to sell a stake in Opel to a consortium led by Austrian-Canadian auto parts maker Magna International Inc. (MGA).
-By Katharina Becker, Dow Jones Newswires; +49 69 29725 500; katharina.becker@dowjones.com
(END) Dow Jones Newswires
11-04-09 0639ET
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