GM Board Recommendation to Sell Majority Stake in Vauxhall/Opel to Magna International/Sberbank

11 September 2009

As many of you will have now seen or heard in the media, the GM Board of Directors yesterday selected Magna as the preferred investor in Vauxhall/Opel.

This decision brings to a close months of uncertainty and speculation and provides welcome confirmation of a firm future for the Vauxhall brand. The decision was ratified by the Opel Trust Board and communicated to Governments around Europe.

Vauxhall will continue with business as usual as the final details of the Magna strategic plan for Vauxhall is confirmed. As and when these details are finalised, we will communicate the relevance of these to you as appropriate.

Thank you for your continued support of Vauxhall during these most uncertain and difficult times. We look forward to extending our relationship as business partners in the future.

Please click here to download the press release announcing this decision.

Yours sincerely

Maurice Howkins
Fleet Sales Director