Nov 4th, 2009 - Bloomberg
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Nov. 4 (Bloomberg) -- General Motors Co. must overcomeresistance from German workers and politicians as it eliminatesjobs to save the Adam Opel GmbH division from bankruptcy aftercalling off a planned sale to Magna International Inc.
The Detroit-based company’s board voted yesterday to keepOpel rather than sell a majority stake to Magna and Russianpartner OAO Sberbank, reversing a September decision. KlausFranz, Opel’s top labor leader, called it a “black day” andRoland Koch, the prime minister in Opel’s home state of Hesse,said he was “angry” and concerned about protecting jobs.
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GM cancellation of Magna sale raises new uncertainty over Opel, infuriates German politicians
Nov 4th, 2009 - WashingtonExaminer
BERLIN — General Motors Co.'s decision to scrap the sale of European subsidiary Opel raised new uncertainty Wednesday over the unit's future, astonishing politicians in Germany and Russia...
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 cancelation of Magna sale raises new uncertainty over Opel, infuriates German politicians
Nov 4th, 2009 - StarTribune
BERLIN - General Motors Co.'s decision to scrap the sale of European subisidiary Opel raised new uncertainty Wednesday over the unit's future, astonishing politicians in Germany and Russia and prompting workers to plan walkouts in protest.GM facing walkouts, anger after canceling Opel sale to Magna
Nov 4th, 2009 - USA Today
BERLIN (AP) — Germany's politicians fumed and Opel workers canceled cost concessions and readied walkouts after General Motors canceled the sale of its European subsidiary to parts maker Magna International and Russian bank Sberbank.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...
