Opel

General Motors Co.'s troubled German carmaker Adam Opel GmbH needs to reduce its production capacity across Europe by as much as 25 percent, the new head of Opel said Friday. Nick Reilly, GM's head of international operations and...

In this article: GM, Europe, Bela Lugosi, and Britain

...head of international operations and interim head of its European business. GM this month reversed a decision to sell a majority stake in Opel to a consortium led by Magna, the Canadian car parts manufacturer, which had targeted about 900...

In this article: General Motors, Magna, Spain, Europe, Electric car, European Investment Bank, and Carl-Peter Forster

* Interim GM Europe head says to cut Opel capacity by 20 pct * Says not sure yet about site closures * Targets 900 job cuts in Spain, similar to Magna plan * To ask Spain for state aid * Says plan will not favour Germany (Adds...

In this article: General Motors, Magna, Spain, Germany, Europe, Carl-Peter Forster, and Angela Merkel

...European Commission has invited member countries that host GM plants to the talks on Monday along with Nick Reilly, the head of GM's Adam Opel GmbH and Vauxhall divisions. "The aim of the meeting is to exchange information and coordinate,"...

In this article: GM, European Union, Jaundice, Magna, Germany, and Europe

* Previous German aid commitments to Opel "moot" - EconMin * No guarantees that Opel aid request will get approval * Contradictory signals from German coalition Adds quotes, background) Previous German pledges to provide state aid to...

In this article: General Motors, Rainer Bruederle, GM Europe, Magna, Angela Merkel, Berlin, CDU, and FDP

...success." German Economy Minister Rainer Bruederle said on Thursday that GM did not need state aid for Opel because the company can shoulder the cost of restructuring by itself. GM executives including CEO Fritz Henderson have...

In this article: General Motors, Magna, Berlin, GM Europe, European Union, and Angela Merkel

...Bruederle said on Thursday U.S. carmaker General Motors Co [GM.UL] does not need state aid for its European unit Opel because the company can shoulder the cost of restructuring by itself. Bruederle told German television station ZDF that...

In this article: GM, Magna International Inc, Germany, and U.S.

...appointment as GM Europe's head came as GM Chief Executive Fritz Henderson wrapped up a second day of talks with officials at Adam Opel GmbH's Ruesselsheim headquarters. He discussed the unit's future, including financing, marketing,...

In this article: General Motors, GM Europe, Magna International Inc., Sberbank, Angela Merkel, and Best interests

* Henderson addresses management at Opel HQ * GM exec responsible for restructuring Opel to join visit * Moody's says GM's restructuring cost estimates are way off * German economy minister says Opel aid not on the agenda (Adds...

In this article: General Motors, Moody's, Magna, Carl-Peter Forster, Germany, and Self-determination

...to start talks aimed at soothing workers' tempers over the carmaker's plan to reorganize European arm Opel on its own. GM plunged Opel into turmoil last week by reversing its plan to sell the business to a Russian-backed consortium led by...

In this article: GM, Magna, Carl-Peter Forster, Detroit, Europe, and Germany