As it turns out, General Motors may have nixed the sale of its Opel and Vauxhall brands in 2009 due to the fact that the proposed buyers added 31 amendments to the deal after it was signed. The news comes courtesy of reports that cite U.S. diplomatic cables obtained by Wikileaks.
Some of those demands included the right to sell some of the automakers' two factories to a carmaker owned by the Russian state. That would give the foreign automaker access to Opel technology and patents.

Originally, Magna, a Canadian parts manufacturer, and the Russian bank Sberbank agreed to purchase a 55-percent stake in Opel from the German government in a Memorandum Of Understanding. According to The Daily Mail, After the deal was inked, Magna and Sberbank continued to pile on amendments to the MOU, and GM felt that the German government didn't fully understand exactly what the buyers wanted. As a result, the American automaker pulled the plug in 2009.


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  • 8 Comments
      jimspar
      • 3 Years Ago
      To all, I offer a heartfelt apology for posting my opinion in this comment section as it was not vehicle related. Mr. Smeagle and friends, there was no good reason for my grammatical faux pas. In the future if I should find myself in need of any assistance with the spelling or contextual usage of a particular word I will be sure to troll the automotive website comment areas.
        • 3 Years Ago
        @jimspar
        [blocked]
      jimspar
      • 3 Years Ago
      Can you please refrain from using any news stories from Wikileaks, I find there journalistic practices reprehensible, and their self appointed hacker goon squad even worse.
        Casey
        • 3 Years Ago
        @jimspar
        Please continue to post items of interest, no matter what the source. I'll determine for myself if I like the journalistic practices of the named source.
      Kristina Love
      • 3 Years Ago
      I paid $32.68 for a XBOX 360 and my mom got a 17 inch Toshiba laptop for $94.83 being delivered to our house tomorrow by FedEX. I will never again pay expensive retail prices at stores. I even sold a 46 inch HDTV to my boss for $650 and it only cost me $52.78 to get. Here is the website we using to get all this stuff, http://BidsNew.com
        • 3 Years Ago
        @Kristina Love
        [blocked]