GM Europe
Company
Union secures agreement over UK production...Russia's Sberbank. The union, which had opposed Magna's Germany-backed restructuring plan for GM Europe because of worries about job and production cuts in Britain, described the agreement as "a fairer deal for the UK". Unite said it would... In this article: Magna, UK, General Motors, Opel, Vauxhall, Sberbank, European Union, Germany, Berlin, and GM Europe |
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Telegraph.co.uk - Business | November 04, 2009
Vauxhall's 'happy ending' could turn into a tragedy
...Opel alive since May. Meanwhile, Russia had hoped to gain access to the Western car market through Sberbank, the country's largest state-owned bank, partnering Magna in its acquisition of a 55pc stake in GM Europe. However, in Britain the...
In this article: General Motors, Vauxhall, Opel, Magna, UK, Sberbank, and Russia
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The Australian | September 13, 2009
Russia plans global car empire
...stake in GM Europe SBERBANK, the Russian state-owned lender that took a quarter share in GM Europe last week, is to become the financing arm of a new Russian and Eastern European car manufacturing empire. financing arm of a new...
In this article: Sberbank, Magna International, General Motors, Russia, Opel, Oleg Deripaska, and Uranium
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FT.com - Companies | October 13, 2009
UK union in Magna deal over Opel jobs
...could be sealed soon. Unite, which had opposed Magna's German-supported restructuring plan for GM Europe because of fears about job and production cuts in Britain, hailed what it called "a fairer deal for the UK". It said that about 600...
In this article: Magna, UK, Opel, General Motors, Berlin, Sberbank, Peter Mandelson, and Germany
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L.A. Times - Business | September 10, 2009
GM says Magna, Sberbank to acquire Opel
...with competitors, especially in Russia. The Opel Trust overseeing Opel scheduled a press conference later in Berlin while GM Europe said it would brief reporters and analysts in a conference call. Opel employs some 49,000 in Europe, 25,000...
In this article: Opel, GM, Magna International Inc., Sberbank, Angela Merkel, Europe, Germany, and Berlin
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scotsman.com - Business | May 30, 2009
Vauxhall in last-minute rescue deal
...11th-hour deal. German ministers announced in the early hours that a consortium involving Canadian group Magna and Russia's Sberbank will go ahead with a rescue of GM Europe, which includes Vauxhall in the UK and Opel. "A solution has...
In this article: General Motors, Magna, Opel, Bankruptcy, Sberbank, Chrysler, Fiat, and Peer Steinbrueck
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Times Online | August 13, 2009
GM Europe reaches draft agreement with bidders
...deal. Magna has already paid EUR300 million (GBP258 million) in emergency funding to keep GM Europe operating over the summer and it is thought to have offered a further EUR700 million to by a 55 per cent stake in the business. If the...
In this article: Magna International, General Motors, Opel, Sberbank, Oleg Deripaska, Vauxhall, Chevrolet, Frank Stronach, and Russia
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FT.com - Companies | October 02, 2009
UK union says Magna plans switch to Russia
...there were plans to move van production from Luton to Russia. Vauxhall's Luton plant employs 1,400 people and is GM Europe's only plant that makes commercial vehicles. Mr Woodley's words came after representatives of Unite voted on...
In this article: Magna International, Opel, Unite, General Motors, Luton, Russia, UK, and London
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Times Online | June 02, 2009
Back to the Eighties as car giants run out of road
...giants but a more complex and specialised structure. Magna, the Canadian car components company, is joining Sberbank, a Russian state-owned lender, to mount a takeover of GM Europe. It is a great Kremlin ambition for Russia to regain its...
In this article: General Motors, Alstom, Opel, Electric car, Magna, Fiat, Dell, and Apple
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Detroit Free Press | September 14, 2009
MARK PHELAN: Opel bosses have optimistic outlook
...compact. The deal to sell 55% of GM's European unit to a consortium of Canadian supplier Magna and Russia's Sberbank "is 95% clear," said Carl-Peter Forster, president of GM Europe and chairman of Opel's supervisory board. "The...
In this article: Opel, GM, Carl-Peter Forster, Frankfurt, European Union, and Germany
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More on GM Europe
Description from Wikipedia:
General Motors Europe (often abbreviated to GM Europe) is responsible for the operation of General Motors Corporation businesses in Europe. GM Europe operates 11 production and assembly facilities in 8 countries, and employs around 64,500 people. Brands marketed in Europe are Opel/Vauxhall, Saab, Chevrolet, Corvette, HUMMER and Cadillac.
- Name:
- General Motors Europe
- Type:
- Divsion of
- Location:
- Zurich, Switzerland
- Region:
- Europe
- Founded:
- 1911
- Industry:
- Automotive
- Services:
- Financial services
- Key People:
- Carl Peter Forster, CEO
- Products:
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- Engines
- Automobiles
- No. of Employees:
- 64,500 (2005)
- Parent Company:
- General Motors Corporation
- Subsidiaries:
- Opel, Vauxhall Motors, Saab, Chevrolet Europe
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