German Economy Minister Rainer Bruederle gave GM little hope that it will get state aid to restructure Opel. Bruederle said GM needs 3.3 billion euros ($4.9 billion) for its plans to fix Opel and will have to find the money on its own.
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GM CEO Fritz Henderson and Nick Reilly, who temporarily leads Opel/Vauxhall, have met with Opel/Vauxhall's dealer body, Euroda.
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Russia's Sberbank is reportedly considering suing GM for abruptly cancelling its plans to sell Opel to a Magna-led consortium of which it was part.
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GM CEO Fritz Henderson has described Opel as fundamentally a regional brand, dampening hopes that the brand could play a larger and more global role in GM's future strategy.
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GM's board revisited its decision to sell Opel after the EU questioned whether Germany had favored Magna in a bidding contest for the carmaker's European operations, board chairman Ed Whitacre said.
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GM's board revisited its decision to sell Opel after the EU questioned whether Germany had favored Magna in a bidding contest for the carmaker's European operations, board chairman Ed Whitacre said.
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GM crushed hopes that Opel would play a greater role within its empire. CEO Fritz Henderson also offered vague assurances that Detroit would give its European carmaker more freedom.
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GM crushed hopes that Opel would play a greater role within its empire. CEO Fritz Henderson also offered vague assurances that Detroit would give its European carmaker more freedom.
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GM crushed hopes that Opel would play a greater role within its empire. CEO Fritz Henderson also offered vague assurances that Detroit would give its European carmaker more freedom.
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General Motors Co. crushed hopes on Tuesday that Opel would play a greater role within its vast empire. CEO Fritz Henderson also offered vague assurances that Detroit would give its European carmaker more freedom.
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General Motors Co. named Nick Reilly, head of the carmaker's international operations, as interim head of its European business while it searches for a new chief executive for its Opel/Vauxhall unit.
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General Motors Co. named Nick Reilly, head of the carmaker's international operations, as interim head of its European business while it searches for a new chief executive for its Opel/Vauxhall unit.
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As many expected, GM old stager and safe pair of hands Nick Reilly has been named as acting head of GM's Opel/Vauxhall operations following the departure of Carl-Peter Forster. An external search for a new CEO for Opel/Vauxhall continues, GM said.
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As many expected, GM old stager and safe pair of hands Nick Reilly has been named as acting head of GM's Opel/Vauxhall operations following the departure of Carl-Peter Forster. An external search for a new CEO for Opel/Vauxhall continues, GM said.
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Veteran GM executive Nick Reilly will assume responsibility for the operations of Opel/Vauxhall Europe while an external search for a new CEO commences, GM said today.
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Veteran GM executive Nick Reilly will assume responsibility for the operations of Opel/Vauxhall Europe while an external search for a new CEO commences, GM said today.
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Veteran GM executive Nick Reilly will assume responsibility for the operations of Opel/Vauxhall Europe while an external search for a new CEO commences, GM said today.
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Veteran GM executive Nick Reilly will assume responsibility for the operations of Opel/Vauxhall Europe while an external search for a new CEO commences, GM said today.
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GM CEO Fritz Henderson is in Germany to attempt to repair relations with those in Germany, especially the government, who were upset that GM decided not to sell a majority stake in Opel to a Magna-led consortium.
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German Chancellor Angela Merkel said General Motors Co. should present a restructuring plan for its Opel unit quickly, adding the automaker would have to shoulder most of the cost.
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