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While GM decides if it will file bankruptcy, it is likely to give away the stake in Opel/Vauxhall it currently has.  Even though GM is hurting for the money, it will be “giving away” the companies.

Rather than seeking money for Opel/Vauxhall, the automaker would ask any buyer to pledge to invest directly in a new company formed from its European operations, the report said, citing two unnamed people familiar with the plans.

An investor will be asked to pay at least 500 million euros ($655.5 million) in equity, but GM will realize no financial gain as the money will be injected directly into Opel, the report said.

The company is also prepared to sell its Swedish brand Saab, for nothing, the report added.

Maybe another company can come along and make these companies successes again.

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Jeremy

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