During and after the investment deal, German Media (Web, Print and Broadcast) is conveniently omitting the fact that General Motors remains a Major Stakeholder. The way that they are telling it one could believe that the Germans rescued the former %100 GM Europe Entity single handily. Dream-on! It is now Sberbank (%35), General Motors (%35), Magna International (%20) and Opel employees (%10). But since many plant workers are members of Russian Immigrant Families, with proven German Heritage who showed up in the West after the fall of the Iron Curtain, it looks more like %3 -to- %5 of that employee group are in the Russian Camp with Sberbank. That would potentially put the total "Russian" Stake directly and indirectly at as high as %40.
Effects of Opel Deal (while German Media omits: General Motors Still a Major Stakeholder)
Current Status: Blessed (1)
Seeded on Tue Jun 2, 2009 6:22 PM
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