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According to Nick Reilly, head of General Motor Corp.'s European business, GM Europe's restructuring will cost less than the earmarked 3.3 billion euro, because the unit has performed better than expected. Article discusses GM Europe's recent earnings and possible strategic alliances.

A consortium led by Magna International Inc. plans to acquire General Motors Corp.'s unit Adam Opel GmbH. The government of Germany agreed to provide 1.5 billion euro to fund Opel's operations while the deal is finalized. The consortium would invest 500 million euro in Opel and receive rights to GM's intellectual property at discount licensing rates. GM would also get 200 million euro in preferred stock and a special dividend. Opel would not enter the U.S. market but is allowed partial access to the Chinese and Canadian markets.

Under the acquisition deal of Adam Opel AG by Magna International Inc., Opel would not be able to operate in the United States market, but would be allowed the Canadian market from 2012 and partial Chinese market access.