SPIEGEL ONLINE
- March 26, 2012
An internal General Motors strategy paper reveals that the US automaker wants to close its plants in Western Europe and transfer production to low-cost countries. The document means that the future looks bleak for Opel's plant in Bochum and Vauxhall's factory in Ellesmere Port. By Dietmar Hawranek more... [ Forum ]
SPIEGEL ONLINE
- March 23, 2012
General Motors appears to be losing patience with its ailing European subsidiary Opel. According to media reports, the US carmaker plans to close up to two plants in Europe. Bochum in Germany and Ellesmere Port in Britain apparently top the list for the cuts. more... [ Forum ]
SPIEGEL ONLINE
- February 08, 2012
US automaker General Motors is reportedly losing its patience with its European unit Opel/Vauxhall. Steep losses may now result in factory closures and layoffs, including the Opel factory in Bochum, Germany, according to media reports. The labor conflict could be reminiscent of 2009, when GM elected not to sell Opel. more...
SPIEGEL ONLINE
- June 09, 2011
US car giant General Motors appears to be ready to sell its subsiary Opel once again, amid continuing losses at the German firm, SPIEGEL has learned. When GM abandoned a 2009 effort to sell the firm, the decision caused deep-seated tensions between the American company and the government in Berlin. By Dietmar Hawranek more...
SPIEGEL ONLINE
- June 16, 2010
General Motors Europe on Wednesday announced that it was withdrawing its request for financial assistance from European governments as it restructures its subsidiary Opel. The decision comes just a week after Germany declined to provide funding. more...
SPIEGEL ONLINE
- June 10, 2010
GM Europe was deeply disappointed when the German Economy Minister ruled out giving state aid to Opel on Wednesday. Just hours later, however, Chancellor Merkel said that the last word had not been spoken on the issue, launching the latest spat between the two coalition partners. more...
SPIEGEL ONLINE
- February 10, 2010
General Motors unveiled its plans for restructuring Opel on Tuesday, which envision job cuts and securing billions in loans and guarantees from European governments. German commentators accuse the company of trying to dump the costs on the country's taxpayers while reserving the rewards for itself. more...
SPIEGEL ONLINE
- February 09, 2010
General Motors Europe on Tuesday finally announced the details of its plan to restructure German car-maker Opel. In addition to thousands of job cuts, GM wants 2.7 billion euros from European governments. Opposition to the plan is building in Germany. more...
SPIEGEL ONLINE
- November 10, 2009
The bid by the German government to secure Opel's rescue has ended in fiasco after General Motors pulled out of a deal to sell its troubled European subsidary. Berlin lacks a strategy for how to deal with the country's most important industry. By SPIEGEL Staff more...
SPIEGEL ONLINE
- November 04, 2009
Magna, Magna, Magna. German politicians became so transfixed on one solution in the crisis at Opel that they fell into the populism trap and lost touch with reality. Now the government in Berlin is being shown, painfully, that it can't force General Motors into a deal it doesn't want. The episode shows the challenges the German government faces in trying to save companies. An Editorial by Severin Weiland more...
