Less desperate GM waffles on Opel/Vauxhall

[WorkingOnIt]

Why GM Is No Longer in a Hurry to Sell Opel
http://seekingalpha.com/article/159975- ... -sell-opel

Germany tells GM it wants Opel decision next week
http://www.reuters.com/article/newsOne/ ... 0E20090904

Opel Labor Chief Calls For GM Decision By Sep 8
http://online.wsj.com/article/BT-CO-200 ... 09897.html

Opel workers threaten to withdraw concessions if GM stays sole owner
http://www.usatoday.com/money/autos/200 ... ship_N.htm

[WorkingOnIt]

It gets exciting...

GM would rather have Opel, Vauxhall fall into insolvency than sell to Magna?
http://www.autoblog.com/2009/09/09/gm-w ... y-than-se/
German Finance Minister: GM Must Pay Back Loan If It Keeps Opel
http://money.cnn.com/news/newsfeeds/art ... RTUNE5.htm
GM Says Germany Can’t Force Early Opel Loan Repayment (Update2)
http://www.bloomberg.com/apps/news?pid= ... wPri8C9np4


meanwhile, I thought Saab was a done deal, but that's still getting hammered out too...

Swedish Govt Receives Koenigsegg Funding Plan For GM's Saab
http://online.wsj.com/article/BT-CO-200 ... 08294.html
Beijing Automotive Joins Koenigsegg’s Bid to Buy GM’s Saab Unit
http://www.bloomberg.com/apps/news?pid= ... ODX4GGMEyQ

[WorkingOnIt]

whoaa...
GM board decides to keep Opel/Vauxhall
http://www.nytimes.com/2009/11/04/busin ... /04gm.html

Let the labor union and German government fireworks begin...

[WorkingOnIt]

... didn't take long

GM facing walkouts, anger after canceling Opel sale to Magna

Vauxhall workers are tentatively relieved:
"The mood was opposite in Britain, where GM Europe builds its Vauxhall brands. British workers had feared the strong German government support for Magna meant they — along with Opel workers in Spain and Belgium — would take the brunt of any restructuring.
Tony Woodley, a former Vauxhall worker and joint leader of the Unite union, called GM's move a "fantastic decision" for the 5,500 workers at the plants in Ellesmere Port and Luton."

but in Germany:
"GM Chief Executive Fritz Henderson said late Tuesday that GM will work with Europe's unions "to develop a plan for meaningful contributions to Opel's restructuring."
Opel worker representative Franz said no. "We won't help shape the way back to General Motors," he said."Instead, we'll take up our classic function of defending the workers." "

"In Berlin, Economy Minister Rainer Bruederle vowed Wednesday to recover the 1.5 billion euros in bridge financing.
"We will get the taxpayers' money back," he told reporters, adding that GM's move was "totally unacceptable." "

Yep, "defend the workers" by walkouts and driving the company into insolvency - good plan.