GM U-turn on Opel stirs German fear and loathing
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An Opel car is seen in front of the Opel plant in BochumSource: Reuters -
The logo of Opel is seen at a car at the Opel plant in BochumSource: Reuters -
General Motors said its board decided to keep Opel and won't sell the ...Source: AFP -
The logo of Opel is seen at the plant in BochumSource: Reuters -
Opel chairman of the board Forster is pictured in front of the ...Source: Reuters -
Construction workers work on a street next to an Opel store in BerlinSource: Reuters -
To match interview SBERBANK/OPELSource: Reuters -
An Opel car is seen in front of the Opel plant in BochumSource: Reuters -
Workers stand beside Opel's cars at Opel's plant in FigueruelasSource: Reuters -
Workers arrive for shift change at Opel plant in BochumSource: Reuters -
The Opel logo is pictured next to a store in BerlinSource: Reuters -
Workers leave Opel's plant in FigueruelasSource: Reuters -
Workers leave the Opel plant in FigeruelasSource: Reuters -
Workers talk next to an Opel car parked inside the Opel plant in ...Source: Reuters -
A view of the Opel plant in BochumSource: Reuters -
A coffee bar price board is pictured next to an Opel store in BerlinSource: Reuters -
Opel workers from several countries in Europe take part in a ...Source: Reuters -
Opel worker receives sticker while taking part in a demonstration ...Source: Reuters -
Magna Europe chief Wolf smiles in GrazSource: Reuters -
Workers leave the Opel plant after a shift change in BochumSource: Reuters -
Scavengers, looking for scraps, walk through a market in MumbaiSource: Reuters
German Economy Minister Rainer Br�derle slammed GM's about-turn as "totally unacceptable" and the powerful labour unions immediately announced nationwide protests for Thursday. Home to nearly half of GM 55,000 European employees, Germany had pressed hard for a sale of the storied carmaker....
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- News Source: Epoch Times | 29 days agoGerman Chancellor Angela Merkel addresses a joint session of the U.S. Congress on Capitol Hill Nov. 3, 2009, in Washington, D.C. (Bundesregierung/Steffen Kugler-Pool/Getty Images)) Led by Chancellor Angela Merkel of Germany, European leaders on Nov.
- News Source: The independent | 29 days agoGM's U-turn over the fate of its European arm had German politicians spitting chips yesterday, but the Business Secretary, Lord Mandelson, called it "a pleasant surprise for workers" at Vauxhall in the UK. Germany's economics minister Rainer...
- News Source: The independent | 29 days agoThe land of unlimited opportunity – for a long time it was impossible for me to reach. The Berlin Wall, barbed wire and the order to shoot those who tried to leave limited my access to the free world. So I had to create my own picture of the United...
- News Source: The Scotsman | 29 days agoVauxhall car workers' jobs following a dramatic decision by the firm's owners not to sell its European arm. The General Motors board decided after a six-hour meeting in Detroit to scrap plans to sell its Opel and Vauxhall brands to Canadian car parts...
- News Source: Asian Wall Street Journal | 29 days agoThis copy is for your personal, non-commercial use only. General Motors Corp.'s decision to retain its European unit is "genuinely surprising," and the spurned bidders, Canada's Magna International Inc. and Russian state-controlled OAO Sberbank, will...
- News Source: The Economist | 29 days agoAfter months of negotiations, and with an agreement about to be signed, GM made a last-minute handbrake turn, unexpectedly announcing on Tuesday November 3rd that it will now hang on to all of its carmaking operations in Europe except Saab of Sweden,...
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- Blog Source: www.sfexaminer.comGeneral Motors Co.'s decision to scrap the sale of European subsidiary Opel raised new uncertainty Wednesday over the unit's future, astonishing politicians in Germany and Russia, and prompting workers to plan walkouts in protest. ... Magna had said
- Blog Source: www.empirechronicles.co.ukBusiness Secretary Lord Mandelson will today seek private talks with the board of GM to discuss the future of about 5500 Vauxhall workers in Britain. Lord Mandelson is understood to be prepared to dangle loan guarantees of up to £400 ...
- Blog Source: investorcentral.usThe company said its board made the decision because of “an improving business environment for GM over the past few months, and the importance of Opel/Vauxhall to GM's global strategy.” Britain has 4700 workers at two plants at Opel's Vauxhall
- Blog Source: www.huffingtonpost.coms decision to scrap the sale of European subisidiary Opel raised new uncertainty Wednesday over the unit's future, astonishing politicians in Germany and Russia and prompting workers to plan walkouts in protest. The GM board's unexpected ... Magna
- Blog Source: perspicacious.co.ukThe surprise decision to shelve the sale came even though Opel's unions yesterday reached an agreement with Magna for ¤265 million a year in cost cuts. Mr Henderson said that Magna will work with Europe's unions “to ... It seeks partners for its
- Blog Source: blog.taragana.comA person familiar with the meeting said GM's board won't make any decision about the automaker, whose brands also include Britain's Vauxhall, until Wednesday. Opel works council prefers Magna offer; demands more say in process ...
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