GM Owners Should Know

Keeping Track of Our Company

GM Riles Opel and Germans

At the brink of the sale of Opel, “government motors” backed out. Should we care? We own it, so we should be paying attention. Remember, Opel was profitable, as were the other foreign divisions of GM. Why Opel was on the block made no sense, but then nothing barney and the jr. admin. from IL does makes sense.

In the aftermath of the “no sale,” the German union speaks out.

11/06/2009

Anger at US Carmaker

GM Management ‘Reminds One of Socialism’

GM’s about-face has angered both Opel workers and European governments. In an interview with SPIEGEL ONLINE, union leader and Opel board member Armin Schild blasts GM for mismanagement and says that the US company is uninterested in saving the Opel brand.

SPIEGEL ONLINE: Mr. Schild, General Motors has decided not to sell Opel after all, preferring to restructure the German automaker itself. What do Opel employees think of the plan?

Armin Schild: GM is going to continue pursuing company policies that have already led to the firm’s decline over the last 20 years. Pressure on the employees and on the government, however, will become more intense.

SPIEGEL ONLINE: What do you think GM will demand?

Schild: GM will ask for the same amount of support that the government already promised to Magna. In return, they will come up with a restructuring plan which, at first glance, looks a lot like the one Magna proposed. But closer study reveals that it does not actually contain what you would expect. The existence of the Opel brand has been put in danger. At the very least, it has been intentionally damaged.

Opel Damaged by GM