Financial Times FT.com

Opel caught by surprise as GM steers away

By Daniel Schäfer

Published: November 4 2009 00:41 | Last updated: November 4 2009 00:41

GM’s decision to retain Opel caught even senior managers at the European carmaker completely by surprise.

Just hours before GM’s strategic U-turn, Carl-Peter Forster, head of GM Europe, displayed confidence that the planned sale to Canadian car parts maker Magna would close by the end of the year.

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