The ouster of General Motors Co. CEO Fritz Henderson will not deter the interim Opel boss from his timetable to deliver a plan that would help the European carmaker achieve sustained profitability.
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General Motors Co. is looking to eliminate about 8,300 jobs at its European carmaker Opel, with the bulk of the cuts coming in Germany and Belgium, two sources familiar with the matter said on Wednesday.
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The abrupt dismissal of General Motors Co. CEO Fritz Henderson by Chairman Edward Whitacre stoked fears on Wednesday of deeper staff cuts at the U.S. automaker's European arm Opel and the possible liquidation of Saab.
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General Motors Co. is looking to eliminate about 8,300 jobs at its European carmaker Opel, with the bulk of the cuts coming in Germany and Belgium, two sources familiar with the matter said on Wednesday.
Full story...
The abrupt dismissal of General Motors Co. CEO Fritz Henderson by Chairman Edward Whitacre stoked fears on Wednesday of deeper staff cuts at the U.S. automaker's European arm Opel and the possible liquidation of Saab.
Full story...
The abrupt dismissal of General Motors Co. CEO Fritz Henderson by Chairman Edward Whitacre stoked fears today of deeper staff cuts at the U.S. automaker's European arm Opel and the possible liquidation of Saab.
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Opel's finance chief Marco Molinari quit to pursue other interests a day after the board of parent General Motors Co. ousted CEO Fritz Henderson.Opel said a successor to Molinari, 45, will be and#8220;announced in due course.and#8221;
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Opel's finance chief Marco Molinari has quit the carmaker to pursue other interests.
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General Motors has indicated it would contribute around EUR600m (US$904.3m) of its own cash to restructure Opel, German economy minister Rainer Bruederle said on Wednesday.
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German Economy Minister Rainer Bruederle Wednesday criticized General Motors Co. following the abrupt departure of CEO Fritz Henderson and the company's presentation of an incomplete restructuring plan for Opel and sister brand Vauxhall.
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German Economy Minister Rainer Bruederle today criticized General Motors Co. following the abrupt departure of CEO Fritz Henderson and the company's presentation of an incomplete restructuring plan for Opel and sister brand Vauxhall.
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German Economy Minister Rainer Bruederle Wednesday criticized General Motors Co. following the abrupt departure of CEO Fritz Henderson and the company's presentation of an incomplete restructuring plan for Opel and sister brand Vauxhall.
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German Economy Minister Rainer Bruederle today criticized General Motors Co. following the abrupt departure of CEO Fritz Henderson and the company's presentation of an incomplete restructuring plan for Opel and sister brand Vauxhall.
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Opel will stick to plans to maintain production at current levels at its Spanish base, parent company General Motors Co. told union representatives. Opel's plant in Zaragoza employs 7,500 people out of Opel's 50,000-strong European work force.
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General Motors has regained full control over its Opel unit after paying back a EUR1.5bn (USD2.25bn) emergency loan including interest, and dissolving a trust that held a 65% stake in the European carmaker.
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The VW Polo narrowly beat the Toyota iQ to win the 2010 European Car of the Year award for the first time in 18 years. The Polo scored 347 points against 337 for the iQ. The Opel Astra was No. 3 followed by the Skoda Yeti.
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The VW Polo narrowly beat the Toyota iQ to win the 2010 European Car of the Year award for the first time in 18 years. The Polo scored 347 points against 337 for the iQ. The Opel Astra was No. 3 followed by the Skoda Yeti.
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The EU has invited GM and European ministers to meet in Brussels next Monday to discuss the future of Opel factories in Europe.
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The EU Commission has invited General Motors and economic ministers from EU countries with Opel/Vauxhall plants to meet in Brussels on Monday (November 23) to discuss the company's restructuring plans for Europe.
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Previous German pledges to provide state aid to carmaker Opel no longer apply now that General Motors Co. has said it can restructure its European arm alone, German Economy Minister Rainer Bruederle said.
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