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GM Angers Europeans, But Opel Decision Gains Plaudits

Ruesselsheim Seen As Indispensable Global Jewel Not Everybody Agrees “The GM board doesn’t understand Europe, and Opel-Vauxhall will continue to a loss maker” GM’s last minute decision to hang on to its European Opel marque left Russian Premier Vladimir Putin and German Chancellor Angel Merkel spluttering with anger and induced German unions to take to […]

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Aggravation Surrounding Opel-Magna Deal Refuses To Die

After months of jawboning, the Opel-Magna deal was agreed in principle, but it didn’t take long for voices off to start shouting it down. Unions in Britain, Belgium and Spain moaned that they were losing proportionately more jobs than the Germans, hardly surprising given the previous German government’s huge financial contribution. But perhaps too late, […]

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Magna Deal For Opel Brings Relief To Merkel, German Unions

Investors Bemoan Bailout Of Unprofitable Manufacturer But Overcapacity Must And Will Be Addressed Sooner Or Later German unions and Chancellor Angela Merkel were happy after General Motors finally agreed to sell a majority of Opel-Vauxhall to the Magna-Russia consortium. But British unions worried about the job “guarantees”, while investors complained that propping up Europe’s most […]

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Magna Hold On Opel Starts To Look Shaky

German Government Says Deal Could Be Reopened. Chinese Could Be Strong Bidders, Fiat Might Try Again. Just when you thought Opel/Vauxhall’s fate had been decided, cracks started to appear in the apparent consensus. The logic behind Magna of Canada’s bid for GM Europe’s Opel was always a bit difficult to follow. New GM Europe was […]

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