News from around the web: 2009-11-04

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I was interviewed on the BBC last night about the GM/Opel/Vauxhall deal. I am waiting for video before posting any more about it.  My general feeling, however is GM’s backing out is being driven by reflation as GM no longer needs to sell Opel/Vauxhall in this economic environment. Quite frankly, I think it is a bit premature to think reflation has been successful.  But, GM has Neelie Kroes breathing down its neck.  It had to act.

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