Nov 4th, 2009 - Washington Post
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German government and labor union leaders Wednesday blasted General Motors' decision to cancel the sale of a majority stake in its Opel division, but GM assured them that its own restructuring plan for Opel would closely resemble the one that would have been carried out if auto parts giant Magna International had taken control.
"If they liked the Magna plan, I think they will also like the GM plan," said John F. Smith, GM's group vice president for corporate planning and alliances.
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Germany fumes over GM ditching Opel sale to Magna
Nov 4th, 2009 - Forbes
BERLIN -- Germany's politicians fumed with anger and Opel workers canceled cost concessions and readied walkouts after General Motors Co. abandoned the sale of its European subsidiary to parts maker Magna International and Russian lender Sberbank.
GM Opel U-turn awkward for Merkel but no disaster
Nov 4th, 2009 - Reuters
BERLIN (Reuters) - General Motors' decision to keep its European unit Opel is embarrassing for German Chancellor Angela Merkel, who had lobbied for a sale, but the U.S...
Workers call for stoppages, German government wants bridge loan back after GM keeps Opel
Nov 4th, 2009 - Newser
Germany's politicians fumed with anger and Opel workers canceled cost concessions and readied walkouts after General Motors Co. abandoned the sale of its European subsidiary to parts maker Magna International and Russian lender Sberbank. Klaus Franz...
GM's U-turn on Opel sale irks Germany
Nov 4th, 2009 - Washington Post
FRANKFURT/BERLIN (Reuters) - General Motors' <GM.UL> decision to keep its European arm Opel after months of negotiations to sell it triggered anger and dismay in Germany...
GM decides to keep Opel unit
Nov 3rd, 2009 - Los Angeles Times
General Motors Co. said Tuesday it would keep its European Opel unit and restructure it instead of selling a 55% stake to Canadian auto parts maker Magna International and its partner...
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2:22Canadian car maker unveils plans for GM - 29 May 09
Magna International, the Canadian car parts maker, has presented a rescue package that could save General Motors in Europe from collapse. About 50000 European jobs are dependent on the deal being accepted by the German government. Al Jazeera's Alan Fisher reports.
2:17GM - Opel: Germany criticises US after Opel talks fall through
IN THE FIELD: After a lengthy and, ultimately, inconclusive night of negotiations on the future of General Motors' European subsidiary Opel, the German government has criticised the United States and GM for pulling "unpleasant surprises" during the talks.
6:30GM Nears Bankruptcy, Taiwanese EVs - Autoline Daily 151
GM didn't get enough bond holders to swap bonds for stock. General Motors plans to take back five Delphi plants. Today, the German government will decide which bidder it prefers Opel to partner with. All that and more, plus the You Said It! segment.
1:59Germany urges GM to name Opel buyer
The German government calls on GM to choose a buyer for carmaker Opel quickly, and labour unions threaten industrial action if the decision doesn't come soon.
