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.
Tags: Aborted Attempt, Associated Press, General Motors, General Motors Co., Gm, Opel, Russian State, Sberbank, Stake
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.
Tags: Aborted Attempt, Associated Press, General Motors, General Motors Co., Gm, Opel, Russian State, Sberbank, Stake
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.
Tags: Automaker, Carl-Peter Forster, Gm, Gm Europe, Opel, Opel Vauxhall, Peter Forster, Supervisory Board, Walter Borst
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.
Tags: Automaker, Carl-Peter Forster, Gm, Gm Europe, Opel, Opel Vauxhall, Peter Forster, Supervisory Board, Walter Borst
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.
Tags: Gm, Gm Europe, Nick, Nick Reilly, Opel, Reorganizations, 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.
Tags: Gm, Gm Europe, Nick, Nick Reilly, Opel, Reorganizations, Turnaround Plan
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.
Tags: Berlin, Carmaker, General Motors, German government, Germany, Gm, Gm Europe, Government Aid, Government State, Jobs Germany, Opel, Opel General Motors Co.
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.
Tags: Berlin, Carmaker, General Motors, German government, Gm, Gm Europe, Government Aid, Government State, Jobs Germany, 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.
Tags: Berlin, Carmaker, General Motors, German government, Germany, Gm, Gm Europe, Government Aid, Government State, Jobs Germany, Opel, Opel General Motors Co.
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.
Tags: Abrupt Dismissal, Automaker, Ceo, Edward Whitacre, Fears, Fritz, Fritz Henderson, General Motors, General Motors Co., Liquidation, Opel, Saab, Staff Cuts, United States, Whitacre, Wind Blows
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;
Tags: Ceo, Cfo, Finance, Finance Chief, Fritz, Fritz Henderson, General Motors, General Motors Co., Marco Molinari, Opel
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.
Tags: Abrupt Departure, Ceo, Company Presentation, Economy Minister, Fritz, Fritz Henderson, General Motors, General Motors Co., German Economy, Germany, Gm, Leadership, Opel, Rainer, Rainer Bruederle, Restructuring, Sister Brand, Vauxhall
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.
Tags: Abrupt Departure, Ceo, Company Presentation, Economy Minister, Fritz, Fritz Henderson, General Motors, General Motors Co., German Economy, Germany, Gm, Leadership, Opel, Rainer, Rainer Bruederle, Restructuring, Sister Brand, Vauxhall
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.
Tags: EUR, Euro 4, Factories In Germany, Germany, Gm, Money, Opel, Plants, Restructuring, USD
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.
Tags: EUR, Euro 4, Factories In Germany, Germany, Gm, Money, Opel, Plants, Restructuring, USD
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.
Tags: Ceo, Germany, Gm, Job Cuts, Jobs, Nick Reilly, Opel, Opel Vauxhall, Target
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.
Tags: 3b, Ceo, Commission of European Communities, EUR, European Governments, Gm, Gm Europe, Nick, Nick Reilly, Opel, USD
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.
Tags: General Motors, General Motors Co., Germany, Gm, Obama, Obama administration, Opel, Task Force, White House
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.
Tags: General Motors, German Minister, Gm, Opel
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.
Tags: Economy Minister, EUR, Find Money, German Economy, Germany, Gm, Little Hope, Opel, Rainer, Rainer Bruederle, USD
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.
Tags: Economy Minister, EUR, Find Money, German Economy, German Minister, Germany, Gm, Little Hope, Opel, Rainer, Rainer Bruederle, USD
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.
Tags: Angela Merkel, Automaker, Chancellor Angela Merkel, German Chancellor Angela Merkel, Germany, Gm, Opel, Restructuring, USD
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.
Tags: Angela Merkel, Automaker, Chancellor Angela Merkel, General Motors, German Chancellor Angela Merkel, Germany, Gm, Opel, Restructuring