German Chancellor Angela Merkel said GM should present a restructuring plan for its Opel unit quickly, adding the automaker would have to shoulder most of the cost. GM has said it needs about $4.
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German Chancellor Angela Merkel said GM should present a restructuring plan for its Opel unit quickly, adding the automaker would have to shoulder most of the cost. GM has said it needs about $4.
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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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DETROIT - Nick Reilly, GM executive vice president and president, GM International Operations, will immediately assume responsibility for the operations of Opel/Vauxhall Europe while an external search for a new CEO commences, it was announced today.
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GM will reportedly stick to a plan to cut costs at Opel by 30%, according to remarks made by Bob Lutz reported in a Swiss newspaper.
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Despite the collapse of Magna's proposal to acquire a majority stake in Opel/Vauxhall, Magna is in talks with GM and Russia's GAZ Group over building a vehicle assembly plant in Russia, it is reported in Russia.
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Manfred Wennemer has stepped down from the Opel trust due to 'strong political influence'.
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GM CEO Fritz Henderson started talks in Germany on Monday aimed at soothing workers' anger over the carmaker's plan to reorganize Opel on its own.
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GM CEO Fritz Henderson started talks in Germany on Monday aimed at soothing workers' anger over the carmaker's plan to reorganize Opel on its own.
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GM CEO Fritz Henderson started talks in Germany on Monday aimed at soothing workers' anger over the carmaker's plan to reorganize Opel on its own.
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GM CEO Fritz Henderson started talks in Germany on Monday aimed at soothing workers' anger over the carmaker's plan to reorganize Opel on its own.
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Opel's top German labor leader said on Sunday he is willing to hold negotiations over a restructuring of the European carmaker under its parent General Motors Co. as long as it gains greater independence.
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A report in London's Sunday Times over the weekend suggests that outgoing GM Europe chief Carl-Peter Forster could be heading for a role as head of Tata-owned Jaguar Land Rover (JLR) 'within the next few months'.
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European carmaker Opel needs to be able to operate with more freedom from its U.S. parent General Motors Co., a top executive at spurned suitor Magna International Inc. said in a newspaper interview on Sunday.
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GM probably will stick to a plan to cut costs at Opel by 30% after deciding to restructure the European subsidiary itself rather than sell it, Bob Lutz, a GM executive set to become Opel's chairman, said.
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General Motors Co.'s decision to scrap the sale of Opel rests on the carmaker's calculation that the hole in its European unit's finances is not as deep as previously feared. Governments should welcome the lower demands on taxpayers with open arms.
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General Motors Co.'s decision to scrap the sale of Opel rests on the carmaker's calculation that the hole in its European unit's finances is not as deep as previously feared. Governments should welcome the lower demands on taxpayers with open arms.
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Former Continental AG CEO Manfred Wennemer resigned from the Opel in protest against the constant interference by politicians in Germany surrounding planned sale of Opel.
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Former Continental AG CEO Manfred Wennemer resigned from the Opel in protest against the constant interference by politicians in Germany surrounding planned sale of Opel.
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Former Continental AG CEO Manfred Wennemer resigned from the Opel in protest against the constant interference by politicians in Germany surrounding planned sale of Opel.
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