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Carl-Peter Forster Opel Receipts First Draw Of Bridge Loan
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GM Europe chief Forster to leave company: sources

 From reuters.com
FRANKFURT (Reuters) - The head of General Motors' <GM.UL> European business, Carl-Peter Forster, is leaving the company after the surprise decision by GM's board to block the sale of Opel, two sources close to the situation told Reuters. "Forster told a small group of people today that he is leaving," one of the sources said. The son of a German diplomat and former BMW <BMWG.DE> executive was widely expected to run an independent Opel under jilted suitor Magna <MGa.TO>, and his departure...Read Full Story

Carl-Peter Forster resigns as Tata Motors chief executive

By autorifi on  From autorifi.com
The Telegraph Carl-Peter Forster has resigned unexpectedly as chief executive of Indian carmaker Tata Motors with immediate effect. Tata Motors said his departure after 18 months in the job was due to "unavoidable personal circumstances". Mr Forster, the former head of General Motors in Europe, will remain on the board as a non-executive director. Discussion: egmCarTechRead Full Story

Carl-Peter Forster Has Left The Opel

By erpko on  From kvcar.com
Hello there! If you are new here, you might want to subscribe to the RSS feed for all kinds of automotive updates. Opel’s CEO, and GM Group vice president, Carl-Peter Forster has left his job at the European company only three days after the Magna sale was called off. There were no reasons for the departure, but it could be due to the former CEO being very pro-Magna. “The past few years building the Opel brand has been a tremendous personal opportunity,” said Forster. “We’ve seen...Read Full Story

GM Europe: Talks on selling Opel near completion

 From ap.org
Negotiations for the sale of General Motors Corp.'s unit Adam Opel GmbH to Canadian autoparts maker Magna are progressing well and should soon be complete, the head of GM Europe said in remarks released Saturday. Carl-Peter Forster was quoted as telling the Frankfurter Allgemeine Zeitung that he hoped the sale of Opel to Magna International Inc. could be complete by mid-July. "It's only about the details," he was quoted as telling the FAZ, according to a copy of remarks released before their...Read Full Story

GM Europe head says to sell Opel to Magna soon: report

 From reuters.com
FRANKFURT (Reuters) - General Motors Europe President Carl-Peter Forster expects to sell German unit Opel to Canadian auto parts supplier Magna soon, he told a German newspaper. "I am quite confident after a top-level meeting of GM and Magna, where broad consent was reached," Forster told Frankfurter Allgemeine Sonntagszeitung (FAS) in an interview which will be published on Sunday. "It's only about details." He did not give any details on the date, but said "it would be great if it worked...Read Full Story
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