Archive for category Cars

General Motors axes Vauxhall sale

General Motors has brought the sale of its European car division Opel/Vauxhall to a screeching halt, fuelling fear and anger in Germany on Wednesday as the US group reset its global auto strategy.
Some German auto analysts felt the decision was logical from an industrial viewpoint but politicians and unions were furious.
Economy Minister Rainer Bruederle slammed [...]

Spain ’surprised’ by GM move, ready to talk: minister

Spain voiced “surprise” on Wednesday at General Motors’ decision to scrap plans to sell its troubled unit Opel, and said it was ready to negotiate with the US manufacturer.
“We are surprised, and we are ready to have a dialogue with General Motors,” said Industry Minister Miguel Sebastian.
He said that a deal reached last month between [...]

GM scraps plan to sell Vauxhall

The government said on Wednesday it would work closely with General Motors after the US automaker scrapped an on-again, off-again plan to sell its big European division, Opel, that had triggered a political and diplomatic controversy.
The surprise announcement by GM on Tuesday dealt a blow to German Chancellor Angela Merkel as she visited Washington after [...]

German indignation over GM decision to keep Opel

Opel labor representatives called for work stoppages across Europe to protest General Motor Co.’s decision not to sell its European subsidiary, and Germany’s government vowed to recover euro1.5 billion ($2.2 billion) it loaned GM to finance the sale.
Klaus Franz, Adam Opel GmbH’s top employee representatives, said workers would walk out starting Thursday in brief, so-called [...]

GM scraps plan to sell European unit Opel

The British government said Wednesday it would work closely with General Motors after the US automaker scrapped an on-again, off-again plan to sell its big European division, Opel, that had triggered a political and diplomatic controversy.
The surprise announcement by GM on Tuesday dealt a blow to German Chancellor Angela Merkel as she visited Washington after [...]