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GM is keeping its European Opel unit and restructure it instead of selling a 55 percent stake to Canadian auto parts maker Magna International and its partner, Russian lender Sberbank. Full Article at USA Today
Related Articles
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GM has decided that it wants to keep its European subsidiary Opel, but it probably won't keep all 50,000-plus workers, and some factories may also be in danger. Full Article at Deutsche Welle
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At the Geneva Motor Show earlier this year, then-acting GM Europe CEO Bob Lutz (right) delivers a press conference with then-GM Europe President Carl-Peter Forster to introduce the new Opel Ampera hybrid-electric vehicle. Full Article at Popular Mechanics
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FRANKFURT — The chief executive of General Motors Co. met with leaders of its Opel unit on Monday to discuss the German automaker's future, a week after GM abruptly decided to keep it instead of selling a majority stake to a consortium of... Full Article at Centre Daily Times
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The chief executive of General Motors Co. met with leaders of its Opel unit on Monday to discuss the German automaker's future, a week after GM abruptly decided to keep it instead of selling a majority stake to a consortium of investors. Full Article at ABC News
Related Quotes
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We expect General Motors quickly to present a reliable concept that gives Opel Europe and the German sites the chance of a good future
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The restructuring plan developed at the end of last year by GM is still the basis for a profitable business model. The plan foresees a 30 percent cut in structural costs
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We will have to take into account this style of dealing with partners in the future, though this scornful approach toward partners mainly affects the Europeans, not us
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GM didn't discuss anything with anyone.
