24x7 Wall St. logo 24x7 Wall St. 3 weeks ago

GM To Axe Jobs At Opel

GM executive and Bob Lutz, who has been a senior executive in the car industry longer than any man alive, will become the new chairman of Opel. Full Article at 24x7 Wall St.

Related Topics:

  1. General Motors
  2. Vauxhall
  3. Magna International, Inc.

Related Articles

  1. Business Week logo
    Opel drama drags on. Forster out, Lutz in.
    3 weeks ago

    The drama in Germany between General Motors and Europe just keeps dragging on. Full Article at Business Week

  2. The Washington Post logo
    GM CEO starts Opel charm tour at Ruesselsheim HQ
    3 weeks ago

    FRANKFURT (Reuters) - General Motors <GM.UL> Chief Executive Fritz Henderson was due in Germany on Monday to start talks aimed at soothing workers' tempers over the carmaker's plan to reorganize European arm Opel on its own. Full Article at The Washington Post

  3. Popular Mechanics logo
    GM Keeps Opel for Scale and Innovation: Analysis
    1 month ago

    Parts-maker Magna International and Russian bank Sperbank had a deal in place to buy Opel, with agreements with the German government and labor union to complete the purchase. Full Article at Popular Mechanics

  4. San Francisco Chronicle logo
    German indignation over GM decision to keep Opel
    1 month ago

    Klaus Franz, Adam Opel GmbH's top employee representatives, said workers would walk out starting Thursday in brief, so-called "warning strikes" over GM's decision to call off a deal with Canadian parts maker Magna International Inc. and Russian lender... Full Article at San Francisco Chronicle

View all Related Articles »

Related Quotes

  1. This is the best decision for Great Britain and our factories
    Tony Woodley – Tony Woodley SOURCE: New Europe News 3 weeks ago
  2. Business decisions by GM are made by the corporate leadership at GM and not by anybody at the White House
    Robert Gibbs – Robert Gibbs SOURCE: China Post 4 weeks ago
  3. It loses money and is extremely high-cost poduction in Germany, but if you write off Opel, you also [write off] Vauxhall in the U.K., and therefore the whole European market
    – Dennis Keene SOURCE: Popular Mechanics 1 month ago
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  1. Flags with the Opel logo and a slogan in German reading, "We live cars", are seen in front of the Opel headquarter in Ruesselsheim, central Germany, Friday, Dec. 4, 2009.
  2. LOS ANGELES, CA - DECEMBER 2: General Motors Vice Chairman Bob Lutz delivers the Motor Press Guild keynote address during press preview days of the 2009 LA Auto Show at the Los Angeles Convention Center on December 2, 2009 in Los Angeles, California.
  3. DETROIT - DECEMBER 1: General Motors Chairman Ed Whitacre reads a statement announcing that Fritz Henderson will be stepping down as the CEO of the company at a news conference December 1, 2009 at the GM headquarters in Detroit, Michigan. Whitacre will take over as the interim CEO.
  4. Bathers relax at the Szechenyi thermal bath in Budapest December 5, 2009. The medicinal bath is considered to be the largest of its kind in Europe.
  5. PARIS - DECEMBER 3: Lily Saran and Nancy Chopard-Sain attend the gala dinner to benefit ADICARE, hosted by Professor Christian Cabrol at Hotel de Lassay on December 3, 2009 in Paris, France. In 1968, Professor Cabrol was the first doctor to do a heart transplant in Europe.
  6. BERLIN - DECEMBER 03: A minaret stands illuminated over the Sehitlik Mosque on December 3, 2009 in Berlin, Germany.

Cast of Characters

  1. General Motors General Motors
  2. Vauxhall Vauxhall
  3. Magna International, Inc. Magna International, Inc.
  4. Sberbank Sberbank
  5. Barack Obama Barack Obama
  6. Angela Merkel Angela Merkel