Posts Tagged ‘Opel’

Sberbank wants GM compensation for failed Opel deal, report says

Russian state-controlled lender Sberbank has said General Motors Co. should compensate it for an aborted attempt to sell a stake in Opel or it will sue, the Associated Press reported on Friday.

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Sberbank wants GM compensation for failed Opel deal, report says

Russian state-controlled lender Sberbank has said General Motors Co. should compensate it for an aborted attempt to sell a stake in Opel or it will sue, the Associated Press reported on Friday.

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GM Treasurer Walter Borst to head Opel supervisory board

GM Treasurer Walter Borst is the new chairman at the automaker’s Opel/Vauxhall unit. Borst, 48, takes the post vacated by Carl-Peter Forster when he quit as GM Europe president and Opel chairman last month.

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GM Treasurer Borst to head Opel supervisory board

GM Treasurer Walter Borst is the new chairman at the automaker’s Opel/Vauxhall unit. Borst, 48, takes the post vacated by Carl-Peter Forster when he quit as GM Europe president and Opel chairman last month.

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GM may need until Jan. to finish Opel turnaround plan

GM’s turnaround plan for Opel will likely be completed in January, GM Europe President Nick Reilly said. “This is going to be one of the largest, most complex industrial reorganizations in European manufacturing in years.

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GM may need until Jan. to finish Opel turnaround

GM’s turnaround plan for Opel will likely be completed in January, GM Europe President Nick Reilly said. “This is going to be one of the largest, most complex industrial reorganizations in European manufacturing in years.

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GM Europe head expects Germany to help aid Opel

General Motors Co. will not cut more jobs at Opel in Germany if the German government refuses to give state aid although the carmaker said it remains confident that Berlin will soften its current tough stance.

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GM Europe head expects Germany to contribute aid for Opel

General Motors Co. will not cut more jobs at Opel in Germany if the German government refuses to give state aid although the carmaker said it remains confident that Berlin will soften its current tough stance.

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GM Europe head expects Germany to help aid Opel

General Motors Co. will not cut more jobs at Opel in Germany if the German government refuses to give state aid although the carmaker said it remains confident that Berlin will soften its current tough stance.

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Icy wind blows at Opel, Saab under Whitacre

The abrupt dismissal of General Motors Co. CEO Fritz Henderson by Chairman Edward Whitacre stoked fears today of deeper staff cuts at the U.S. automaker’s European arm Opel and the possible liquidation of Saab.

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Opel’s CFO quits to pursue other interests

Opel’s finance chief Marco Molinari quit to pursue other interests a day after the board of parent General Motors Co. ousted CEO Fritz Henderson.Opel said a successor to Molinari, 45, will be and#8220;announced in due course.and#8221;

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GM’s leadership draws criticism from German Economy Minister

German Economy Minister Rainer Bruederle today criticized General Motors Co. following the abrupt departure of CEO Fritz Henderson and the company’s presentation of an incomplete restructuring plan for Opel and sister brand Vauxhall.

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GM’s leadership criticized by German economy minister

German Economy Minister Rainer Bruederle today criticized General Motors Co. following the abrupt departure of CEO Fritz Henderson and the company’s presentation of an incomplete restructuring plan for Opel and sister brand Vauxhall.

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GM says it will keep open all its German Opel plants

GM will keep open all four of its Opel factories in Germany under a 3.3 billion euro ($4.92 billion) restructuring plan for the money-losing unit.

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GM will keep open all its German Opel plants

GM will keep open all four of its Opel factories in Germany under a 3.3 billion euro ($4.92 billion) restructuring plan for the money-losing unit.

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GM pays back Germany, signals fewer job cuts

GM has paid back a loan from Germany and slightly lowered its target for job cuts at Opel/Vauxhall. Nick Reilly, Opel CEO, said on Tuesday that said his plans now call for cutting 9,000 to 9,500 jobs.

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GM to present plan to restructure Opel this week

GM will present a rescue plan for Opel to European governments by the end of the week and EU officials will discuss possible aid on December 4. GM Europe CEO Nick Reilly said GM needs 3.3B euros($4.

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GM will present Opel restructuring plan in December

GM will present a new viability plan for Opel in December as it aims to reduce capacity across Europe, GM Europe boss Nick Reilly said today.

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White House not consulted on GM reversal on Opel

The Obama administration’s autos task force was caught off guard when General Motors Co. decided to scrap a planned sale of its Opel unit that had the strong backing of Germany, a senior official said.

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GM still wants state aid for Opel; German minister has other view

General Motors Co. said on Friday it wants state aid to help restructure Opel. The comments came a day after GM’s chairman said the company could pay for its European arm itself.

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GM, not Germany, should pay to fix Opel, minister says

German Economy Minister Rainer Bruederle gave GM little hope that it will get state aid to restructure Opel. Bruederle said GM needs 3.3 billion euros ($4.9 billion) for its plans to fix Opel and will have to find the money on its own.

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GM should pay to fix Opel, German minister says

German Economy Minister Rainer Bruederle gave GM little hope that it will get state aid to restructure Opel. Bruederle said GM needs 3.3 billion euros ($4.9 billion) for its plans to fix Opel and will have to find the money on its own.

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Germany’s Merkel says GM must present Opel plan quickly

German Chancellor Angela Merkel said GM should present a restructuring plan for its Opel unit quickly, adding the automaker would have to shoulder most of the cost. GM has said it needs about $4.

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Germany’s Merkel wants GM’s Opel plan quickly

German Chancellor Angela Merkel said General Motors Co. should present a restructuring plan for its Opel unit quickly, adding the automaker would have to shoulder most of the cost.

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GM CEO Henderson starts Opel charm tour in Germany

GM CEO Fritz Henderson started talks in Germany on Monday aimed at soothing workers’ anger over the carmaker’s plan to reorganize Opel on its own.

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