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Trustee resigns over Berlin’s role in GM sale

Source: The independent
Frankfurt : Germany | 20 days ago  
Views: 9
  • A General Motors (GM) sign is seen on an Opel car near the plant of German car manufacturer Adam Opel GmbH in Ruesselsheim
    A General Motors (GM) sign is seen on an Opel car near the plant of ...
    Source: Reuters
  • Trainees of German car manufacturer Opel take part in a warning strike in front of the Opel headquarters in Ruesselsheim
    Trainees of German car manufacturer Opel take part in a warning strike ...
    Source: Reuters
  • 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
  • Opel workers take part in a warning strike in Ruesselsheim
    Opel workers take part in a warning strike in Ruesselsheim
    Source: Reuters
  • An employee of German car manufacturer Opel holds a placard against GM during a warning strike at the Opel headquarters in Ruesselsheim
    An employee of German car manufacturer Opel holds a placard against GM ...
    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
  • 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
  • Klaus Franz, Opel labour leader, speaks during a warning strike of Opel employees in Ruesselsheim
    Klaus Franz, Opel labour leader, speaks during a warning strike of ...
    Source: Reuters
  • Workers of German car manufacturer Adam Opel Gmbh enter the plant in Ruesselsheim
    Workers of German car manufacturer Adam Opel Gmbh enter the plant in ...
    Source: Reuters
  • Employees of German car manufacturer Opel holds a placard reading "stay outside GM" during a warning strike at the Opel headquarters in Ruesselsheim
    Employees of German car manufacturer Opel holds a placard reading "...
    Source: Reuters
  • Employees of German car manufacturer Opel carry a mock coffin in front of the Opel headquarters during a warning strike in Ruesselsheim
    Employees of German car manufacturer Opel carry a mock coffin in front ...
    Source: Reuters
  • Klaus Franz, Opel labour leader, answers journalists questions at the plant of German car manufacturer Adam Opel GmbH in Ruesselsheim
    Klaus Franz, Opel labour leader, answers journalists questions at the ...
    Source: Reuters
  • An employee of German car manufacturer Opel holds a placard reading "GM - go away" during a warning strike at the Opel headquarters in Ruesselsheim
    An employee of German car manufacturer Opel holds a placard reading "...
    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 train travels past an Opel billboard advertisement at the plant of German car manufacturer Adam Opel Gmbh in Ruesselsheim
    A train travels past an Opel billboard advertisement at the plant of ...
    Source: Reuters
  • The statue of the founder of German car manufacturer Opel, Adam Opel, is seen next to a placard reading "GM - go away" during a warning strike at the Opel headquarters in Ruesselsheim
    The statue of the founder of German car manufacturer Opel, Adam Opel, ...
    Source: Reuters
  • An employee of German car manufacturer Opel wears a hat reading "freedom for the slaves of GM" during a warning strike at the Opel headquarters in Ruesselsheim
    An employee of German car manufacturer Opel wears a hat reading "...
    Source: Reuters
  • GM executive vice president David Reilly will replace Forster (pictured), the report said
    GM executive vice president David Reilly will replace Forster (...
    Source: AFP
  • An employee of German car manufacturer Opel wears cowboy boots as he stands next to the name plate at the statue of company founder Adam Opel in Ruesselsheim
    An employee of German car manufacturer Opel wears cowboy boots as he ...
    Source: Reuters
  • An employee of German car manufacturer Opel, dressed as an undertaker, stands next to the statue in Ruesselsheim
    An employee of German car manufacturer Opel, dressed as an undertaker, ...
    Source: Reuters
  • Thousands of Opel employees attend a warning strike in Ruesselsheim
    Thousands of Opel employees attend a warning strike in Ruesselsheim
    Source: Reuters
  • Prime Minister of the German state of Hesse Koch speaks during a warning strike of Opel employees in Ruesselsheim
    Prime Minister of the German state of Hesse Koch speaks during a ...
    Source: Reuters
A General Motors (GM) sign is seen on an Opel car near the plant of ...
GM had agreed to sell the business to Magna, the Canadian car parts group, lubricated by €4.5bn (£4bn) of public money. But when the German government was forced admit that the funds were available to any potential buyer, GM decided to do the necessary re-structuring itself.
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News Stories
 
  • News Source: Turks and Caicos Free Press | 18 days ago
    General Motors (GM.UL) Chief Executive Fritz Henderson was due in Germany on Monday to start talks aimed at soothing workers' tempers over the carmaker's plan to reorganize European arm Opel on its own. GM plunged Opel into turmoil last week by...
  • News Source: The independent | 18 days ago
    GM had agreed to sell the business to Magna, the Canadian car parts group, lubricated by €4.5bn (£4bn) of public money. But when the German government was forced admit that the funds were available to any potential buyer, GM decided to do the...
  • News Source: Times Online | 18 days ago
    The American delegation will meet ministers from the Department for Business, Enterprise and Regulatory Reform face-to-face for the first time since the company decided not to sell GM Europe, its European division, which includes Vauxhall. Fritz...
  • News Source: International Business Times | 18 days ago
    Opel's top German labor leader said on Sunday he was willing to hold negotiations over a restructuring of the European carmaker under its parent General Motors so long as it gains greater independence. Klaus Franz was shocked last week when GM's...
  • News Source: Turks and Caicos Free Press | 19 days ago
    General Motors Co will probably stick to a plan to cut costs at Opel by 30 percent after deciding to restructure the European subsidiary itself rather than sell it, Bob Lutz, a GM executive set to become Opel's chairman, was quoted as saying on...
Blogs
 >
  • Blog Source: www.themotorreport.com.au
    Calling off negotiations with a Russian-backed group led by Canada's Magna International, GM CEO Fritz Henderson said that the Opel and Vauxhall brands are too important to GM's global strategy. “GM will soon present its restructuring ...
  • Blog Source: catper.com
    Vauxhall is an independent unit operating in the UK under the subsidiary of the general motors. Opel is famous all across the Europe due to the production of some of the worlds leading car. Previously Opel and Vauxhall was coexisting in ...
  • Blog Source: drboycebankruptcy.blogspot.com
    GM now intends to keep Opel and its sister brand Vauxhall, but needs to update its restructuring plan in order to win financing for the move from Germany, the U.K., Poland and Spain. GM said Tuesday it needs €3 billion ($4.45 billion) in government
  • Blog Source: eideard.wordpress.com
    America's biggest motor manufacturer, General Motors, performed an abrupt U-turn [and has decided] to keep its European car manufacturing division, abandoning a proposed sale of Germany's Opel and Britain's Vauxhall brands at the ...
  • Blog Source: www.skiddmark.com
    GM have scrapped its plans to sell Vauxhall and Opel to Magna, surprising many industry analysts and angering the German government. GM cites improving economic conditions as its reason.
  • Blog Source: blogs.birminghampost.net
    In a shock statement, and after six months of haggling and its fourth meeting on the issue, the GM board yesterday announced that it was cancelling plans to sell its European car operations including Opel and Vauxhall. ...
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Posted By LawrenzSantos LawrenzSantos | 19 days ago
interesting... what is going to happen?
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