Carl-Peter Forster

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 would mark the first high...Read Full Story

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

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 out...Read Full Story

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

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 great...Read Full Story

GM Europe's president hopes that carmaker Opel will make a profit before 2013, the target that its prospective new investor has set, according to an interview published Thursday.Canadian auto parts supplier Magna International Inc. hopes to complete by September a deal under which it and state-controlled Russian lender Sberbank will take a majority stake in Opel, General Motors Corp.'s main European unit.Earlier this week, Magna chairman Frank Stronach predicted that Opel would break even in...Read Full Story

General Motors Europe head Carl-Peter Forster is quitting in disgust at GM's decision to hang on to its European unit Opel/Vauxhall, Spiegel magazine reported on Friday in its online edition.A spokesman for General Motors Europe and Opel contacted by AFP declined to comment on the report saying only that "if there are any personnel decisions we will make a statement on it."GM executive vice president David Reilly would replace Forster, as GM seeks to soothe anger over its decision to abandon...Read Full Story

Two people briefed on the decision say Carl-Peter Forster, the chief executive of General Motors Europe, will leave the company.One of the people said Friday that Forster will be replaced temporarily by Nick Reilly, who is now president of GM's international operations. GM will search for a permanent new CEO of GM Europe.The two people asked not to be identified because the decision has not been made public.The moves come after the GM board decided this week to keep its European Opel and...Read Full Story

Sept. 30 (Bloomberg) -- Tata Motors Ltd. Chief Executive Officer Carl- Peter Forster discusses the carmaker's outlook including the consolidation of U.K. plants and car sales in emerging markets. He speaks with Ryan Chilcote at the Paris Motor Show on Bloomberg Television's "The Pulse."Read Full Story

This is in continuation of the announcement on February 15, 2010 of the appointment of Mr. Forster as the Group CEO, with overall responsibility of Tata Motors’ operations globally, including Jaguar and Land Rover.Read more...Read Full Story