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GM Europe Could Lose $600 Million In 2011, $1 Billion In 2012

Banker Says Situation Unsustainable; Sees Losses Through 2016 Possibilities Include Reopening Union Contract, “Contained Bankruptcy” But Others Point To Action Already Taken, Urge It To Hang In There “GM would be better off with a profitable three per cent share of Europe than a loss making eight per cent” GM’s attempt to fix its loss-making […]

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OpelVauxhall

Opel-Vauxhall Needs Radical Action To Stem Losses – report

Opel-Vauxhall Needs Radical Action To Stem Losses – report German Union Contract Might Have To Be Reopened Losses Could Hit $600 million in 2011, $1 billion in 2012 GM’s attempt to fix its loss-making European subsidiary Opel-Vauxhall are failing, and drastic measures like reopening contract talks with labor unions are required if the drain on […]

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