Carl-Peter Forster

Spain sees no more than 900 job cuts at Opel plant

Spain's industry minister on Friday said after meeting with a top General Motors executive that no more jobs would be cut at a GM Opel plant near Zaragoza than previously agreed with former prospective buyer Magna.

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GM to present Opel restructuring plan in Dec

ZARAGOZA - U.S. carmaker General Motors will present a new viability plan for Opel in mid-December as it aims to reduce capacity across Europe by about 20 percent, a top executive said on Thursday. GM this month reversed a...

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GM Foresees Fewer Vauxhall Job Cuts

In meetings with British unions and officials, the U.S. automaker says it expects "significantly" fewer layoffs now that it is hanging on to its U.K. unit raised union hopes that there could be fewer redundancies at Vauxhall...

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UPDATE 2-GM says 10,000 jobs could go in European shake-up

By Peter Griffiths LONDON, Nov 17 (Reuters) - U.S. carmaker General Motors could cut up to 10,000 jobs as part of its European restructuring plan and hopes to finalise the details within three weeks, a top executive said on...

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Opel turnaround 'would cost GM twice as much'

General Motors will have to spend at least twice the three billion euros (4.5 billion US dollars) it is budgeting to turn around its European unit Opel/Vauxhall, a union chief predicts. "I think that a restructuring involving a...

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Business big shot of the week: Nick Reilly

Educated at Cambridge, Nick Reilly has impeccable manners and a reputation as a skilled negotiator, but these are not the only attributes that have singled out this affable engineer as the potential saviour of the Vauxhall and...

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GM names turnaround expert interim head of Opel (AFP)

AFP/DDP/File – Dark clouds gather over the Opel logo sitting on the roof of the company's plant in the western German … by William Ickes William Ickes – 10 mins ago FRANKFURT (AFP) – US automaker General Motors named executive...

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GM names interim Opel chief

DETROIT - Nick Reilly, the head of General Motors’ international operations, will take over operational responsibility for Opel while GM continues its search for a new CEO, the Detroit automaker announced today. GM announced...

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GM CEO Henderson In Germany Discussing Opel Future

General Motor's CEO Fritz Henderson In Germany Discussing Opel Future (AP) FRANKFURT (AP) - The chief executive of General Motors Co. met with leaders of its Opel unit on Monday to discuss the German automaker's future, a week...

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News Roundup: Infosys Eyeing Acquisitions in Europe, U.S

Infosys eyeing acquisitions in Europe, U.S. : The back-office arm of Infosys Technologies, India's No. 2 software services provider, is looking at acquiring firms in Europe and in the United States of $50 million to $100...

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