Financial Post logo Financial Post 2 weeks ago

Opel fallout rattles Merkel, unions

Embarrassment, indignation and confusion greeted German politicians on Wednesday morning as they faced questions about why they threw billions of dollars at a proposed sale of Opel that died in a General Motors boardroom Tuesday. Full Article at Financial Post

Related Topics:

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

Related Articles

  1. The Age logo
    GM plans 10,000 job cuts at Opel
    2 weeks ago

    General Motors said Wednesday it wanted to cut around 10,000 jobs at its European division Opel a day after the US car maker stunned the auto sector by scrapping plans to sell the German-based unit. Full Article at The Age

  2. Germans damn GM on decision to keep Opel
    2 weeks ago

    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

  3. Deutsche Welle logo
    Surprise and anger greet GM decision to keep Opel
    2 weeks ago

    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

  4. San Francisco Chronicle logo
    German indignation over GM decision to keep Opel
    2 weeks 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

Related Quotes

  1. the German government had a very strong appetite for the Magna proposal, so I can well imagine and well understand
    – John Smith SOURCE: Sydney Morning Herald 2 weeks ago
  2. Perhaps (US President Barack) Obama genuinely wasn't in the picture when he received Merkel in the White House (on Tuesday), although this doesn't say much for him
    Robert Gibbs – Robert Gibbs SOURCE: Sydney Morning Herald 2 weeks ago
  3. 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: Wall Street Journal 2 weeks ago
  4. It is the best decision for Britain and our plants
    Tony Woodley – Tony Woodley SOURCE: Deutsche Welle 2 weeks ago
View all Related Quotes »
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Browse More Photos

Daylife is the web's largest archive of news photos

  1. German Deputy Economy Minister Jochen Homann arrives at the European Commission headquarters ahead of a meeting on the future of Opel in Brussels November 23, 2009.
  2. VANCOUVER, CANADA - NOVEMBER 1: Tanner Glass #15 of the Vancouver Canucks tries to deflect the puck past Craig Anderson #41 of the Colorado Avalanche during their game at General Motors Place November 1, 2009 in Vancouver, Canada.
  3. SHANGHAI, CHINA - OCTOBER 13: General Motors Chief Executive Fritz Henderson (C) and Ding Lei (L), general manager of Shanghai GM, visit the GM sales center at the Pudong District on October 13, 2009 in Shanghai, China.
  4. XINJIN COUNTY, CHINA - OCTOBER 10: A Sichuan Tengzhong Heavy Industrial Machinery Co. , Ltd. plant is seen on October 10, 2009 in Xinjin County of Sichuan Province, China.
  5. MIAMI - OCTOBER 09: A General Motors Co. Hummer vehicle is seen in the streets October 9, 2009 in Miami, Florida.
  6. FORT LAUDERDALE, FL - OCTOBER 08: Frederick 'Fritz' Henderson (L), chief executive officer of General Motors, and Mike Jackson, chairman and chief executive officer of AutoNation, attend a town hall meeting together at Nova Southeastern University on October 8, 2009 in Fort Lauderdale, Florida.
  7. COLMA, CA - SEPTEMBER 30: Signage remains on the sales lot of the closed Saturn of Colma dealership September 30, 2009 in Colma, California. General Motors announced today that they will close its Saturn brand after negotiations with Penske Automotive to sell the brand fell apart.
  8. FRANKFURT AM MAIN, GERMANY - SEPTEMBER 17: (L-R) Roland Koch, governor of the German state of Hesse, German Chancellor Angela Merkel, GM Europe President Carl-Peter Forster, Hans Demant, chief of Adam Opel GmbH, and Matthias Wissmann, president of the VDA federation of the German automobile ind...
  9. US President Barack Obama (C) shakes hands with workers at the Lordstown Complex General Motors Plant in Warren, Ohio, September 15, 2009.

Cast of Characters

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