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The viability plan of Opel is delayed until January
 Nick Reilly, in charge at the moment of Vauxhall and Opel, unveiled that the viability plan of Opel might be actually delayed until next year in January, despite that he gave assurances, at the beginning, the plan goes public in the middle of December. Reilly stated 'To ensure that prosperous future, our company needs great products and a winning product portfolio, which includes future technologies and investments. To that end, I held a day-long meeting with senior Opel leadership Tuesday to strategise on what needs be done now and in the New Year'.'While it is indeed exciting to see that things are coming together, bear ...
Tags: delay, nick-reilly, vauxhall, gm, opel, viability-plan
Holden Cruze - Australian-made - ready to be seen
 General Motors decided some time ago to make the Cruze in the Australian territory, for the local market, not for export. After a few expensive, hard lessons involving Vauxhall Vectra 1998 - 2000, the firm is ready for any challenge. So, the production begins on the 3rd quarter, next year. GM HOLDEN managing director and chairman - Alan Batey reported to GoAuto 'Perhaps the most innovative decision we have taken is to produce the Cruze small car here in Adelaide – it’s a bold play to return to small-car production but we know it’s right. Cruze has been an instant hit in Australia as ...
Tags: holden, cruze, australia, gm, australian-made
German official said General Motors` job cuts are totally unacceptable
 GM talked with the officials in Germany and work leaders about the proposed cuts, unveiling that Germany will be the affected one if its plan of restructuring gets approved. Roland Koch thinks Magna wanted to cut, by 2014, 1,400 - 1,600 jobs in Ruesselsheim.On Thursday, Hesse premier affirmed, quoted by Reuters: 'We expect that GM orients itself very closely to this concept and clarifies that the figures published by the media are overly exaggerated'.The estimates pointed at first to a cut of 9,000 jobs expected to work on the European workforce of Opel, having 50 - 60 % arriving from Germany. The firm plans ...
Tags: job-cut, germany, gm, general-motors, opel, vauxhall
Nick Reilly is the new CEO of Opel and Vauxhall
 After GM`s decision to not sell Opel and Vauxhall to Magna International and OAO Sberbank from Russia, Carl-Peter Forster left his position of CEO of GM Europe. General motors has now announced that the company`s vice president and head of international operations, mister Nick Reilly, will take over responsibilities for the operations of Opel and Vauxhall Europe. The decision to name Nick Reilly, age 59, in charge of Opel and Vauxhall Europe came as no surprise for anyone as many actually anticipated this move. Still, Nick Reilly will take the job on an interim basis as the external search for a ...
Tags: nick reilly, reilly, ceo, new, opel, vauxhall
Euroda meets with Reilly, Henderson
 Fritz Henderson, GM CEO with Nick Reilly's help, a leader at Vauxhall and Opel (temporarily assigned), have met with Euroda - the dealer body of Opel/ Vauxhall. 'It has been a constructive meeting and Euroda is looking forward to cooperate in a positive way' says Euroda's chairman - Jaap Timmer.Henderson said, during this meeting, it had 'absolutely not been GM's intention to create a big stir by announcing that GM would retain Opel/Vauxhall'. He apologized for this situation and affirmed that 'nobody was considering an insolvency for Opel/Vauxhall: not necessary and highly unlikely'.Henderson explained also that Vauxhall/Opel will still remain a part of General Motors, ...
Tags: euroda, fritz-henderson, ceo, magna, reilly, gm, opel, vauxhall, german-government, meeting
Carl-Peter Forster resigns from GM Europe
 Lask week there were some rumors saying GM Europe CEO, Carl-Peter Forster will resign, following the Opel-Magna thing. GM confirmed the news late Friday, announcing also it will start looking for a brand new CEO, outside the firm, for the operation in Europe.GM CEO - Fritz Henderson said 'The Opel brand has made tremendous progress under Carl-Peter’s tenure and leadership over the past several years. We thank him for his significant accomplishments and wish him only the best in the future'.'In the meantime, we’re confident that the key personnel leading Opel will stay focused on running the business during this time of transition. We expect ...
Tags: carl-peter-forster, magna, resign, opel, gm-europe
Opel is OK with General Motors` decision
 Today GM made the announcement that it will be keeping Opel, canceling the deal with Magna International, you know this already. What you don't know is, Opel has no problem what so ever with this decision. The firm said both Vauxhall and Opel are playing a very important role in the global operations of General Motors so it will support all the efforts, securing its future.Opel stated for the press 'The GM Board of Director’s decision shows that Opel and Vauxhall have an important role in GM’s global strategy, a role that GM is eager to maintain. Following difficult and lengthy negotiations between many parties ...
Tags: takeover, magna, gm, opel, decision, vauxhall, contract
Germany is not happy with the decision GM took and it wants back 1.5 Bn Euro
 The German government is upset with GM's decision to keep Opel on its portfolio; now it expecting General Motors to pay back 1.5 billion Euro in bridge financing brought by state banks in Germany, Autonews said. German govern spokesman - Ulrich Wilhelm told the source 'The government regrets the decision of the General Motors board to restructure Opel itself and to keep it in the group'. General Motors promised to show a viable plan of restructuring in due time, putting to rest the concerns Germany had. This after he employees of Opel just agreed with the drastic price cutting actions of Magna.President and CEO - ...
Tags: magna, takeover, opel, germany, money, gm, vauxhall
Spain gave its go-ahead for the Magna-Opel deal
 From Spain came recently some good news for Magna – the parts maker from Canada, like one important obstacle to be overcomed. Zaragoza factory employees agreed on accepting this job proposed now, and the cuts of production, after rough negotiations. It wasn't clear if the employees approved to all their terms or Magna was forced on making extra concessions, a statement from a worker representative did hint this move...'We decided to modify the plan Magna had for us' said Ana Sanchez, CCOO's director, 1 of the 2 largest unions for Opel factory. But, Magna and Sberbank - its partner from Russia notified just now ...
Tags: magna, spain, magna-opel, gm, deal, zaragoza, takeover, ccoo, canada, sberbank, russia, germany
GM making Opel Astra 2010 faster
 GM reduced very well the period needed to make an Astra by 6 hours. Each vehicle to be made in the United Kingdom at the Ellesmere Port Vauxhall factory initially took twenty-one hours to be constructed but, now thanks to equipment changes, its process will take about fifteen hours.Lindsey Wickens, the production debut manager of Vauxhall for Astra, just-auto.com reported. 'We have some unique machinery here and we really were brought in at the project's early stages to work through the build process and make sure production was as good as we could get'.The brand new Astra model, that's projected to be on sale these ...
Tags: astra, ecoflex, speed, power, faster, opel, 2010, gm, production-time, production
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