From autonews.com
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GM has paid back another tranche of a 1.5 billion ($2.2 billion) euro bridge loan advanced by Germany in June to save Opel / Vauxhall from bankruptcy. GM said Friday it had paid back another 200 million euros of the loan.
- GM kills Magna purchase of Opel, Vauxhall (torontonews.net)
The US automaker General Motors has named executive vice president Nick Reilly as temporary head of its Opel/Vauxhall brands in Europe. The US automaker General Motors has named executive vice president Nick Reilly as temporary head of its Opel/Vauxhall brands in Europe, a statement said on...
Detroit Free Press - GM names interim Opel chief
Reuters - GM CEO starts Opel charm tour at Ruesselsheim HQ
From industry.bnet.com
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- US: Nick Reilly to head Opel/Vauxhall (just-auto.com)
- GM names turnaround expert interim head of Opel (france24.com)
General Motors will have to spend at least twice the three billion euros (4.5 billion dollars) it is budgeting to turn around its European unit Opel/Vauxhall, a union chief predicts."I think that a restructuring involving a progressive strategy will cost more than six billion, or nearer seven billion euros," Armin Schild, an IG-Metall official who sits on Opel's supervisory board, told the weekly Witschaftwoche."I am wondering where the money...
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From france24.com
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DETROIT, Nov. 10 /PRNewswire/ -- Nick Reilly, GM executive vice president and president, GM International Operations, will immediately assume responsibility for the operations of Opel/Vauxhall Europe while an external search for a new CEO commences, it was announced today.
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From rss.prnewswire.com
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NEW YORK (MarketWatch) -- General Motors Corp. said Tuesday that it has named Nick Reilly, who is currently the president of GM International Operations, to lead the operations of Opel/Vauxhall Europe during an external search for a new chief executive officer. "As we announced last Tuesday, Opel/Vauxhall will remain a fully integrated member of the New GM family, a decision that is in the best interests of Opel/Vauxhall, its customers...
From marketwatch.com
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- General Motors EVP to lead Opel/Vauxhall operations (reliableplant.com)
- Opel/Vauxhall - the final twist? (just-auto.com)
Filed under: Europe, Hirings/Firings/Layoffs, GM, Opel, Vauxhall
It's been one heck of a week for Opel. After months of negotiations between Magna and its partners on the one hand and General Motors on the other, the American parent company opted to hold on to its European subsidiary. In the wake of the decision, Opel's chief executive Carl-Peter Forster jumped ship, leaving the company's future hanging in the balance as he looked to move on...
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From autoblog.com
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GM decides that it doesn’t have to sell its European family jewels to stay alive.
Citing an improved business climate in recent months, and the importance of Opel—and its U.K.-based Vauxhall twin—General Motors has decided to take the “For Sale” sign off its European operations, which it was forced to pawn off when the company’s U.S. [...]
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From feedburner.com
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