High Quality Content by WIKIPEDIA articles! The Adam Opel GmbH is a German automobile company founded in 1863. It has been a wholly-owned (100%) subsidiary of General Motors (GM) since 1929. Opel is headquartered in Ruesselsheim, Hesse, Germany. In early 2009, the future of Opel was thrown into uncertainty as the global financial crisis drove GM towards bankruptcy. New Opel (Opel plus Vauxhall, minus Saab), was controlled by a trustee, with a controlling board made up of representatives from GM, employees and the German Government; the company was subject to a bidding process. On 10 September 2009, it was announced that Magna, a Canadian automobile parts manufacturer, and Sberbank, a Russian bank, would buy a majority stake (55%) in its European Opel/Vauxhall operations.

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