Nov 5th, 2009 - Reuters
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DETROIT/RUSSELSHEIM, Germany (Reuters) - General Motors Co GM.UL on Thursday said it was readying a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the automakers decision to keep the European unit.
Thousands of auto workers put down tools at German factories, saying GM had betrayed their interests by reversing a decision to sell a majority stake in Opel to a Russian-backed consortium led by Magna International (MGa.TO).
Related stories:
GM Said to Replace Forster, Seek German Executive to Run Opel
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- General Motors Co. plans to replaceCarl-Peter Forster as head of European operations and appointNick Reilly as interim leader after deciding to keep the Opeldivision...Opel workers in Germany vent anger at GM
Nov 5th, 2009 - Reuters
RUESSELSHEIM, Germany (Reuters) - Thousands of Opel auto workers in Germany downed tools on Thursday to show their anger at U.S. parent General Motors for its decision to abandon a Russian-backed rescue plan.
BREAKING: GM board opts to call off Opel sale
Nov 2nd, 2009 - Autoblog
After months of negotiations with supplier Magna and its Russian partner Sberbank, General Motors has decided not to sell its Opel unit. The General mentioned in the post-jump...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...
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.
Related videos from YouTube:
6:01Max Keiser on GM: US predators sacrifice workers as lambs
The United States does not value jobs and trade unions; General Motors cut ten thousand jobs across Europe at its Opel unit in favour of Christmas bonuses. That's the view of Max Keiser, finance critic and former stockbroker. ...
3:23Opel deal crash: Rage as GM plans 10,000 job cuts
General Motors has confirmed that it will cut ten thousand jobs across Europe at its Opel unit. Workers in Germany say they will protest the decision. This comes a day after GM abandoned plans to sell Opel to a consortium of Canadian firm Magna and Russia's Sberbank.
2:13GM to Sell Opel to Magna
After months of suspense, the board of General Motors has decided to sell its European arm Opel to the Canadian-Austrian auto parts group Magna. This has also been approved by the Opel trust, that has the final say in the sale of the carmaker ...
10:13Detroit Auto Show Auto Worker Rally - 2009
On January 11, 2009, active and retired autoworkers, labor and community activists, and others concerned about the future of US manufacturing, healthcare, the environment, the economy, and working families rallied outside Cobo ...
