AUTOMOTIVE: Manufacturer says sale still possible

General Motors’ new board could still sell its money-losing European Opel unit to a group led by Canadian auto parts maker Magna, but it needs guarantees that Opel’s technology won’t be used in Russia to compete against GM’s Chevrolet, according to a person briefed on the sale talks.

The GM board, according to industry analysts, has legitimate concerns about GM’s global small and midsize car underpinnings being used by Russian automaker OAO GAZ to update its vehicles and compete with Chevrolet.

Olympian news services

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