General Motors Co. ultimately decided selling its Adam Opel GmbH German subsidiary would jeopardize the company’s global ambitions, a top European executive says. “Europe is a big part of our business, and Opel is not an insignificant part of that,” John Smith, GM’s group vice president-business development and chief negotiator in the Opel talks, says in a conference call with journalists today. “Opel is very important for (the development) of small fuel-efficient cars and engines,” he ...

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