Blogger TV: Talking GM-Opel

I did a short interview with RT (a Russian English-language TV network) about the failure of General Motors’ sale of Opel to Magna International and Sbrebank, a Russian bank. They’re not happy in Germany, and they’re not happy in Russia. But from what I can gather, they are happy in Detroit. I continue to think that it’s pretty cut-and-dried: GM’s board doesn't want to lose Opel's (and in the UK, Vauxhall’s) European operations, but it also must think that it can get restructuring funding for Opel out of the German government, and it may plan to use jobs as leverage.