--
 
Top new models for SA

From Renault's new Alaskan bakkie to the latest models at the Frankfurt motor show bound for SA.

Electric cars in SA

The debate on whether or not Electric Vehicles (EV) are viable in South Africa rages on.

GM sued over failed Opel deal?

2009-12-28 11:14
New York - Russian state-controlled Sberbank has said General Motors should compensate it for an aborted attempt to sell a stake in Opel or it will sue, the Associated Press reported.

Sberbank and Canada's Magna tried to buy a stake in Opel, but the deal fell through last month after months of painstaking negotiations when GM's board decided to keep the the loss-making unit.

Sberbank Chief Executive German Gref said in televised comments that GM should voluntarily compensate his company for its decision, the AP reported.

"We think that GM's commitment went so far that they should have sealed the deal," the AP quoted Gref as saying.

Sberbank and GM could not immediately be reached.

NEXT ON WHEELS24X

Inside Wheels24

There are new stories on the homepage. Click here to see them.