../Morning Post
Posted November 4, 2009
____________________
2009 Auto Restructuring

Opel sale process terminated

AURORA - Magna International Inc. late yesterday announced that it has been advised by General Motors ("GM") that the GM Board of Directors has decided to terminate the sale process for Opel. Siegfried Wolf, Magna's Co-Chief Executive Officer stated: "We understand that the Board concluded that it was in GM's best interests to retain Opel, which plays an important role within GM's global organization. We will continue to support Opel and GM in the challenges ahead and wish to thank everyone who supported the Opel restructuring process for their tireless efforts and dedication over the past several months. In particular, we wish to thank our partner, Sberbank, for its significant contribution and support throughout this process."

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