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New Europe News
Russia astonished over GM decision on Opel
The Russian government expressed its surprise on 4 November at the decision by US car giant General Motors to hold onto its European subsidiary Opel and not to sell it. Full Article at New Europe News
Related Articles
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General Motors' decision to keep its European arm Opel after months of negotiations to sell it triggered anger and dismay in Germany, which had led the talks and was putting up much of the cash. Full Article at People's Daily Online
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The German government blasted on Wednesday General Motors' decision to hang on to its European unit Opel as workers voiced alarm about a potentially deep restructuring of their loss-making company. Full Article at The Age
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GM's decision was a blow to German Chancellor Angela Merkel, who was on a visit to Washington, and who had in the past strongly supported the move to sell Opel to Canadian auto parts supplier Magna. Full Article at Deutsche Welle
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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
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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This is the best decision for Great Britain and our factories
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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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We want Opel to continue to exist
– Roland Koch SOURCE: Automotive News
