Opel now owned 25% by Magna

[Rouxenator]

http://news.bbc.co.uk/2/hi/business/8074924.stm

Germany has agreed a deal with Magna International, a Canadian car parts maker, to take over Opel, part of the European wing of US carmaker GM.

Talks in Berlin continued into early Saturday before Germany's finance minister announced the rescue deal.

The German government is expected to provide an immediate loan facility of 1.5bn euros ($2.1bn, £1.3bn).

The Magna deal should protect Opel if GM files for bankruptcy protection in the US on Monday, as is expected.

So hopefully we will see Opel out of GM hands soon