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Germans are really angry at General Motors. GM has taken a U turn on the proposed sale of Adam Opel to Auto Parts Supplier Magna. GM at a recent board meeting decided to keep the European Unit instead of selling it, negotiations for which have been going on for almost 6 months now. GM probably realised the importance of this strategic brand which makes many mid size cars in Europe which could hold the key to its revival very soon. It is no longer thought of as a burden. GM's european operations include Vauxhall and Opel. 

Expressing frustration with the U-turn, the new German economics minister, Rainer Brüderle, vowed to make the Detroit automaker repay the money that had already been lent. “We will get back taxpayers’ money,” he told reporters in Berlin, deeming G.M.’s move “totally unacceptable.” 

Opel workers, along with the German government, had strongly backed a sale to the Canadian-Austrian auto parts company Magna and Russia’s Sberbank, believing that would protect the most jobs. G.M.’s European operations include the Opel and Vauxhall brands.The company said it expected to spend 3 billion euros ($4.4 billion) to downsize operations, which it said was “significantly lower” than what Magna and other bidders had projected. “This was deemed to be the most stable and least costly approach for securing Opel/Vauxhall’s long-term future,” Mr. Henderson said in a statement. The decision to keep Opel is another example of the aggressive approach of GM’s board, a majority of which was selected by the Obama administration. 

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