Around 8,300 jobs will be slashed in Europe, Opel boss Nick Reilly said on Tuesday, as he unveiled a long-awaited plan for the future of the ailing General Motors unit and its 50,000 employees.
Fewer than half the cuts, or 3,911, would take place in Germany, Reilly said, while confirming the shut down of a plant in Antwerp, Belgium with the loss of 2,377 jobs.
Spain would also be affected with the loss of 900 jobs, while more than 500 were slated to be cut in Britain.
"We have no time to ...
Germany wants General Motors Co. to increase its contribution to the Opel unit's reorganization before considering whether to provide state aid, according to two people familiar with the matter.
Economy Minister Rainer Bruederle is using a two-day U.S. visit, which includes a meeting with Treasury Secretary Timothy F. Geithner in Washington, to express that view, said the people, who declined to be identified because the discussions are confidential. GM has said it will provide 600 million euros ($836 million) for Opel's restructuring and ask for as much as 2.7 billion euros ...
With CO2 emissions of just 109g/km and combined fuel consumption of 67.3mpg, the new Astra ecoFLEX, is the first ecoFLEX model to join all-new Astra range.
The Astra ecoFLEX will be the first in range to get the ultra-economical 1.3 CDTi 95PS diesel engine, which has recently been seen in the revised and improved Corsa. Mated to a five-speed transmission with new ratios to optimise economy, the engine features a Diesel Particulate Filter (DPF) and re-programmed engine control settings.
To improve airflow around the ecoFLEX, an active aero shutter has been fitted, ...
Opel announced today the intent to wind down its manufacturing plant in Antwerp, Belgium in the course of 2010.
“We fully understand the effect this announcement has on the Antwerp employees and their families and we sympathise with them,” said Opel CEO Nick Reilly. “Many have been dedicated to the plant over generations and have done an excellent job producing great quality cars. The decision to announce this today was not taken lightly; instead, it is the unfortunate result of the current business reality. We must make this announcement now so ...
Opel unveils today the redesigned Meriva which is based on the Insignia line. 2010 Opel Meriva comes with FlexDoors which according to manufacturer provides great functionality by making it easy to get into and out of the rear seat.
The FlexDoors also open up to 84 degrees, much wider than conventional doors, for which 68-70 degrees is the usual standard. Front passengers also benefit from the same 84 degrees opening angle.
FlexDoors are also more ergonomic and convenient for the front passengers to open FlexDoors when stowing a jacket, a briefcase ...
General Motors' GM.UL European arm Opel will launch hybrid models within five years as part of a campaign to overhaul and freshen its product line, GM Europe head Nick Reilly told a German magazine.
Reilly said Opel would begin a push to bring out hybrid models, a strategy that the magazine said his predecessor, Carl-Peter Forster, had deemed too expensive.
"We will have hybrid engines in our programme, in the next five years, Reilly said. Its first electric car with range-extending technology -- the Ampera -- will hit the market at the ...
General Motors Co. said it's unlikely to complete a reorganization plan for the Adam Opel GmbH division by the end of this year because further talks are needed with workers and governments.
"It looks like an announcement may slip into January," Nick Reilly, head of Detroit-based GM's European operations, said in a blog posting today. "This is not a broken promise. It is a pledge to do something right."
Reilly had aimed to have Opel's business plan in place by mid-month and said on Dec. 5 that an agreement was at least ...
General Motors Co. may close its plant in Belgium and cut 5,400 German jobs as the company seeks an accord with workers to restructure its Adam Opel GmbH unit.
The future of the factory in Antwerp and 2,300 workers there is "uncertain," Nick Reilly, Opel's acting chief, said today after presenting a reorganization plan to representatives of 50,000 workers. While the unit's four German sites will remain in operation, 50 percent to 60 percent of the planned 9,000 job cuts will likely impact those facilities, he said.
"We must fight hard to ...
German Finance Minister Wolfgang Schaeuble pressed General Motors on Sunday to shed light on its plans for Opel and said the U.S. group had a responsibility for workers at its European unit.
A GM executive said on Thursday the carmaker will present a new viability plan for Opel in mid-December as it aims to reduce capacity across Europe by about 20 percent.
Nick Reilly, interim head of GM's European business, said it was too soon to say whether any production sites would be closed.
Schaeuble urged GM to clarify its plans.
"My position is ...
As General Motors' new board of directors became more immersed in the automaker's business, it began to question more and more the idea of selling off a majority stake in the company's Opel division, a top executive indicated Wednesday.
"It was always a big question mark that we could succeed globally and sell off two-thirds of our Opel operations," John Smith, GM group vice president of corporate planning and alliances, said Wednesday.
The board's surprise reversal Tuesday to keep Opel and not sell it to Magna and its Russian bank partner Sberbank ...
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