Obama administration welcomes GM-Opel deal

Newswire

WASHINGTON, May 30 (Reuters) - The Obama administration on Saturday welcomed a deal clinched by Germany with Canadian auto parts group Magna , General Motors and the U.S. government to save German carmaker Opel from the imminent bankruptcy of its U.S. parent. "This deal is a positive step for the auto industry. The auto task force will continue its close engagement with the German government on the issue," a senior administration official said. The official confirmed President Barack ...

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