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GM boss: Opel to pay for most of its restructuring

By Associated Press
Thursday, November 5, 2009 -
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DETROIT — General Motors Co. CEO Fritz Henderson said Thursday its European Opel unit will pay for most of the $3 billion it needs to restructure.

Henderson’s comments came two days after GM’s board decided to keep Opel, rejecting a deal to sell 55 percent of European operation to a group led by Canadian auto parts maker Magna.

 
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