UK questions Magna plans for GM's Opel -report

Newswire

LONDON, Sept 24 (Reuters) - Britain has questioned the viability of Magna International's plan to buy General Motors' European arm, Opel, in a letter to European competition chief Neelie Kroes, the Financial Times reported on Thursday. In the letter, obtained by the Financial Times, British business secretary Peter Mandelson says the Canadian company's restructuring plan would be open to political intervention, too expensive and punitive of productive plants. "We do not believe the case ...

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