Nov 6th, 2009 - Wall Street Journal
A team of General Motors Co. executives will arrive in Germany on Monday to fine-tune a restructuring plan for Adam Opel GmbH and search out a new leader for the European unit, company officials said.
The U.S. auto maker said Friday that Carl-Peter Forster, who worked for GM for more than nine years, is quitting as chief executive of GM Europe. The decision follows a vote by the company's board of directors on Tuesday to scrap a plan to sell control of the German Opel unit to Magna International Inc. and Russia's Sberbank.
Related stories:
Opel Workers Hold Strike, Demand GM Offer Larger Role
Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- General Motors Co.’s Opel divisionemployees will demand a bigger role in company decisions nowthat the carmaker has dropped a plan to sell the Europeanmanufacturer...
Opel employee council agrees cost cuts
Nov 3rd, 2009 - BusinessWeek
Opel's employee council says workers have agreed to make cost-cutting contributions worth euro265 million ($390 million) a year to ease the auto maker's sale to a consortium led by car parts maker Magna.
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.
Magna's Failed Opel Bid May Preserve Its Auto-Parts Customers
Nov 4th, 2009 - Bloomberg
Nov. 4 (Bloomberg) -- Magna International Inc.’s failed bidfor General Motor Co.’s Opel division may prevent the auto-partssupplier from losing customers that would balk at buyingcomponents from a rival vehicle maker...
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.
Related videos from YouTube:
- November 10 Biz Minutewith 20 sites on completion of the deal in mid-October. The European Commission has objected to Oracle acquisition of computer maker Sun Microsystems, throwing the $7 billion deal into question ...
- European Carmakers Strugglingindustry. Dirk Mueller is a trader at the Frankfurt exchange. [Dirk Mueller, IFC Traders]: "We should look for a German solution for Opel and keep it in Germany and remove it from GM, if possible to secure the jobs and to keep the money in Germany ...
- The new Opel Astra promo...Promo video by GM, Editor - Aleksa Vasiljevic, Executive Producer - Hugo D. Mirkovic, Author & Chief Producer - Bosko Jovanovic
- Opel Ampera promo @ MotopolisPromo video by GM, Editor - Aleksa Vasiljevic, Executive Producer - Hugo D. Mirkovic, Author & Chief Producer - Bosko Jovanovic
Related stories from Digg:
FT.com / Companies / GM sure on funding Opel revamp
General Motors on Thursday said it could finance the restructuring of Opel without state aid, as its chief executive said the European subsidiary had enough cash to pay back a German government bridge loan.(Business & Finance)
laduFri, Nov 6th, 20091 Diggs, 0 CommentsGM CEO sees Opel signing by early October
Fritz Henderson, the chief executive of General Motors, expects that a deal to sell a majority in Opel to a Russian-backed consortium around Magna can be signed by the beginning of next month. (Autos)
ounewslettersWed, Sep 16th, 20091 Diggs, 0 CommentsSpiegel: New Hope for Opel? Europe Celebrates GM CEO Ouster
Many in Europe are breathing a sigh of relief over the departure of General Motors Chief Executive Rick Wagoner, who annouced early Monday morning he would resign. "This step was long overdue," said a cheery Klaus Franz, head of the influential works council, which represents the interests of employees, at GM's largest European subsidiary, Opel.(Business & Finance)
joand315Tue, Apr 7th, 20094 Diggs, 0 Comments
