Russian banking cheif calls for compensation over failed Opel deal
28 December 2009

German Gref, cheif executive of Russian bank OAO Sberbank, has suggested that his firm should be compensated by General Motors following the failure of the deal to sell a majority shareholding of Opel/Vauxhall to itself and Magna in November.In a TV appearance on Christmas Day, Gref suggested that GM should pay 'voluntary' compensation to Sberbank, which would have ended up owning 35 per cent of Opel. "We think that GM's commitment went so far that they should have sealed the deal,'' Mr. Gref said.Gref's comments follow those of Russian Prime Minister Vladimir Putin, who said that GM demonstrated an 'arrogant attitude' in its reneging on the deal.Matt Saunders

Join the debate

Comments
1

28 December 2009

GM have shown to be arrogant over recent weeks and with the ongoing Saab saga this only fuels this! I'm beginning to wonder if its such a good idea Vauxhall/Opel being under GM control?? however i cant see sberbank being compensated!

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Citroën C3 Aircross
    First Drive
    17 October 2017
    It's got funky looks and a charming interior, but it's another small SUV, and another dynamic miss. Numb steering is just one thing keeping it from class best
  • Skoda-Karoq 2.0 TDI 4x4
    First Drive
    16 October 2017
    Diesel version of Skoda’s junior SUV is unobtrusive and undemanding, but we’d still go for the silkier petrol version of the Karoq
  • Audi Q7 e-tron
    First Drive
    16 October 2017
    Expensive and flawed but this understated diesel-electric Audi Q7 has a lot to offer
  • Citroën C3
    First Drive
    16 October 2017
    Is the third gen Citroën C3 ‘fresh and different’ enough to take on its supermini rivals? We spend six months with one to find out
  • BMW X3
    First Drive
    15 October 2017
    A satisfying rework of the X3 that usefully improves its handling, cabin finish, space and connectivity to make this BMW a class front-runner again