Bloomberg.com logo Bloomberg.com 2 weeks ago

GM's Reversal on Sale of Opel Shows Influence of `Deal Guys' on New Board

Nov. 5 (Bloomberg) -- General Motors Co.’s turnabout on its agreement to sell the money-losing Opel unit bears the stamp of a board restocked with directors from private-equity firms. Full Article at Bloomberg.com

Related Topics:

  1. General Motors
  2. Vauxhall
  3. Sberbank

Related Articles

  1. International Business Times logo
    Opel workers in Germany vent anger at GM
    2 weeks ago

    RUESSELSHEIM, Germany - Thousands of Opel auto workers in Germany downed tools on Thursday to show their anger at U.S. parent General Motors for its decision to abandon a Russian-backed rescue plan. Full Article at International Business Times

  2. CNN/Money logo
    Opel workers ticked off at GM
    2 weeks ago

    Opel workers demonstrate with a mock coffin at Opel's main plant in Ruesselsheim, western Germany. Full Article at CNN/Money

  3. RIA Novosti logo
    GM decides to retain Opel
    2 weeks ago

    MOSCOW. Full Article at RIA Novosti

  4. Germans damn GM on decision to keep Opel
    3 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

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Related Quotes

  1. 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
    Vladimir Putin – Vladimir Putin SOURCE: Dealbook 2 weeks ago
  2. GM didn't discuss anything with anyone.
    Vladimir Putin – Vladimir Putin SOURCE: Atlanta Journal Constitution Vendor 2 weeks ago
  3. 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. GM did not warn anyone, did not speak to anyone… despite all the agreements reached and documents signed. Well, I think it is a good le...
    Vladimir Putin – Vladimir Putin SOURCE: Guardian Unlimited 2 weeks ago
  4. The last-minute refusal to complete the Opel deal is not harmful to our interests, but it shows that our American partners have a very original culture when dealing with counterparties
    Vladimir Putin – Vladimir Putin SOURCE: Guardian Unlimited 2 weeks ago
View all Related Quotes »
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  1. Burning smoke billows from a chimney behind the Opel assembly plant of Antwerp November 25, 2009. General Motors representatives and Opel unions are due to meet on Wednesday to discuss the future of G.M.'s European branch.
  2. VANCOUVER, CANADA - NOVEMBER 1: Kyle Wellwood #42 of the Vancouver Canucks congratulates Tanner Glass #15 of the Vancouver Canucks after Tanner Glass scored his first goal of the season during their game against Colorado Avalanche 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 (2nd from R), general manager of Shanghai GM, visit the GM sales center at the Pudong District on October 13, 2009 in Shanghai, China.
  4. CHENGDU, CHINA - OCTOBER 10: A Hummer is seen on October 10, 2009 in Chengdu of Sichuan Provience, China. General Motors Co. has signed an agreement to sell its legendary and iconic Hummer brand to a Chinese heavy equipment maker Sichuan Tengzhong Heavy Industrial Machinery Co.
  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, chief executive officer of General Motors, attends a town hall meeting at Nova Southeastern University October 8, 2009 in Fort Lauderdale, Florida.
  7. COLMA, CA - SEPTEMBER 30: The sales lot of the closed Saturn of Colma dealership sits empty 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. US President Barack Obama speaks with workers at the Lordstown Complex General Motors Plant in Warren, Ohio, September 15, 2009.
  9. ELLESMERE PORT, ENGLAND - SEPTEMBER 15: Prime Minister Gordon Brown (2ndR) tours the production line of the new Vauxhall Astra, which coincides with the launch of the car at the Frankfurt Motorshow, on September 15, 2009 in Ellesmere Port, England.

Cast of Characters

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