Obama administration surprised too by GM’s decision to scrap Opel sale
By Andrew C., 26 Aug, 2010. 0 Comments
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General Motors Co.'s decision not to go through with the sale of its Opel unit took even the Obama administration by surprise. In an interview with Reuters, Ron Bloom, the head of the US government's autos task force, said that they were "completely surprised." Bloom said that Magna International's bid was strongly supported by the
Germany government and so they anticipated that it was going to be approved. Bloom said that GM's sudden change of course underscored the independence of a new board established to safeguard the U.S. government's investment in the carmaker. Bloom said that while the government could have said something, they didn't. He also said that they made no attempts to change the decision. [via autonews]
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