Anyone – or is it everyone at this point – hoping for an October finish for the saga of General Motors Co.'s sale of its Adam Opel AG European operations will have to wait at least a while longer. In a blog at GM's website, John Smith, GM's group vice president of business development and the company's lead negotiator, said GM's deal to sell Opel to a consortium headed by Canada's Magna International Inc. and Russia's Sberbank will be on hold until at least early November. The deal has won approval from the Opel Trust Board, but the European Union expressed concern about several details
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More Delay for Sale of GM’s Opel