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Sep
22nd

OPEL DEAL [updated 14:20]: EC approval not needed; 1,400 Vauxhall jobs going – reports

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The German government does not need separate approval from the European Commission to grant state aid to Adam Opel because this would be part of a temporary framework agreement to support companies during the economic crisis, a government document seen by Dow Jones Newswires said. Separately, a British newspaper reported that Magna will axe 1,400 Vauxhall jobs at the two plants here. Full story...
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