The leading source for credible citizen reporting

Report Your News
Take the tour...

GM readies Opel plan, workers strike

Source: Reuters
Detroit : MI : USA | 18 days ago  
Views: 8
  • The statue of founder of German car manufacturer Opel, Adam Opel, is seen in front of the Opel headquarters during a warning strike of Opel employees in Ruesselsheim
    The statue of founder of German car manufacturer Opel, Adam Opel, is ...
    Source: Reuters
  • Klaus Franz, Opel labour leader, looks on during a warning strike of Opel employees in Ruesselsheim
    Klaus Franz, Opel labour leader, looks on during a warning strike of ...
    Source: Reuters
  • Employees of German car manufacturer Opel carry a mock coffin past the statue of company founder Adam Opel in front of the Opel headquarters in Ruesselsheim
    Employees of German car manufacturer Opel carry a mock coffin past the ...
    Source: Reuters
  • A car travels past an Opel billboard advertisement at the plant of German car manufacturer Adam Opel Gmbh in Ruesselsheim
    A car travels past an Opel billboard advertisement at the plant of ...
    Source: Reuters
  • Thousands of Opel employees attend a warning strike in Ruesselsheim
    Thousands of Opel employees attend a warning strike in Ruesselsheim
    Source: Reuters
The statue of founder of German car manufacturer Opel, Adam Opel, is ...
General Motors Co GM.UL on Thursday said it was readying a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the automakers decision to keep the European unit. Thousands of auto workers put down tools at German factories, saying GM had betrayed their...
  • Print
  • Share:
  • Share
  • Digg
  • Reddit
  • Facebook
  • Stumbleupon
News Stories
 >
  • News Source: International Business Times | 8 days ago
    Russia accused General Motors of showing the United States' scorn of business with Europe by abandoning its sale of Opel, whose German workers went on strike on Thursday. Thousands of auto workers protested at German factories, demanding...
  • News Source: Reuters | 9 days ago
    General Motors Co GM.UL on Thursday said it was readying a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the automakers decision to keep the European unit. Thousands of auto workers put...
  • News Source: Asian Wall Street Journal | 9 days ago
    This copy is for your personal, non-commercial use only...Chief Executive Frederick "Fritz" Henderson said Thursday he will pick a new management team for the auto maker's Opel/Vuaxhall unit within "weeks or days." Mr. Henderson also told reporters...
  • News Source: Star Tribune | 9 days ago
    General Motors Co. said Thursday it narrowed down its list of candidates to handle advertising for Cadillac to six agencies, a month after announcing it was dumping the luxury brand's longtime ad partner. The Detroit automaker said it will hold...
  • News Source: Simi Valley - Moorpark Examiner | 9 days ago
    General Motors Co. could tap some of the $50 billion in aid it has received from the U.S. government to help finance its plan to restructure its European Opel unit, GM's top executive said Thursday. But CEO Fritz Henderson said it would do so only if...
  • News Source: Seattle Times | 9 days ago
    General Motors says it has narrowed down the list of candidates to handle advertising for its Cadillac luxury brand to six agencies. The announcement comes a month after the Detroit automaker said it was dropping Cadillac's longtime agency,...
Blogs
 >
  • Blog Source: www.washingtonexaminer.com
    General Motors Co. said Tuesday it will keep 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.
  • Blog Source: www.thedetroitbureau.com
    The Board of Directors at reorganized General Motors Company has decided to keep Opel and Vauxhall and will initiate a restructuring of its European operations.
  • Blog Source: guanteik.blogspot.com
    “We will continue to support Opel and GM in the challenges ahead and wish to thank everyone who supported the Opel restructuring process,” Siegfried Wolf, Magna's co-chief executive officer, said in a statement. ...
  • Blog Source: www.georgesmayblog.com
    During the selling process, the German government gave GM 1.5 billion euros to help keep Opel afloat while the two worked out the agreement; a good faith loan, if you will. GM alleges that it has already paid back 200 million of it, ...
  • Blog Source: www.azcentral.com
    Kirchner raised the prospect that GM could put Opel through bankruptcy restructuring if unions blocked restructuring. A failure "to reach the needed restructuring would result in the operation becoming insolvent, an unnecessary and ...
  • Blog Source: www.autoacid.com
    The German government refused to give GM enough cash to restructure Opel, after giving GM a €1.5 billion bridge loan to keep the company afloat. Chancellor Angela Merkel's government also wouldn't provide financing for a rival bid from ... In one
Images
 >
 
Videos
 >
 
Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Cell phones Cell phones use report code: @4557675

Most Popular Reports

Related Tweets

Related Allvoices Reports

Related People

Contributions

Help and Accounts


Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc 2008-2009. All rights reserved.