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RNRL's submissions on the MoU Zurich: General Motors Co will probably 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 Opels chairman,... Full Article at Expressindia.com
Related Articles
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FRANKFURT - Opel's top German labor leader said on Sunday he was willing to hold negotiations over a restructuring of the European carmaker under its parent General Motors so long as it gains greater independence. Full Article at International Business Times
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ZURICH - General Motors Co will probably stick to a plan to cut costs at Opel by 30 percent after deciding to restructure the European subsidiary itself rather than sell it, Bob Lutz, a GM executive set to become Opel's chairman, was quoted as saying... Full Article at International Business Times
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(Corrects typographical error in headline, deletes bullet point) * GM must demonstrate cooperation, not confrontation -labour * Must offer same degree of freedom as Magna did -labour (Rewrites, adding comments from Klaus Franz) FRANKFURT, Nov 8... Full Article at Reuters
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ZURICH (Reuters) - General Motors Co will probably stick to a plan to cut costs at Opel by 30 percent after deciding to restructure the European subsidiary itself rather than sell it, Bob Lutz, a GM executive set to become Opel's chairman, was quoted... Full Article at Reuters
Related Quotes
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The restructuring plan developed at the end of last year is still the basis for a profitable business model. The plan foresees a 30 percent cut in structural costs
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Given the negative experiences of GM’s company policy of the past years, I have great fears about the future of Opel and its workforce
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Renault could help with technology, and the government would help with money and both would maintain their stakes
SOURCE: Automotive News -
Bankruptcy itself is unlikely to change the situation; proper business restructuring and not debt repayment is a key question for the producer
SOURCE: Automotive News
