Tag: Opel

By on June 11, 2011

Opel workers in Germany are getting increasingly frustrated and are banging the table. Rainer Einenkel, head of the works council in Bochum, today demanded that GM management in Detroit “immediately makes a clear and unambiguous statement, and to deny the plans of a sale without ifs and buts.” Rainel Einenkel writes on the website of the works council in Bochum that “ambiguous statements aren’t helpful, neither for the workers nor for our products.”

Yesterday, Germany’s chancellor Angela Merkel also demanded clarification from Detroit after the German newspaper Die Welt had written that China’s BAIC had made an offer for Opel. The paper said that GM’s board is tilting towards cutting Opel loose. On Thursday, Der Spiegel and Auto Bild had written that “GM is slowly wising up to the fact that the reasons that led to the planned Opel sale in 2009 have not changed.”  Media reports said that GM CEO Dan Akerson is getting impatient.

Now, it seems, there is impatience all around.

In the meantime, I finally tracked down my former Opel executive who always had been a dependable source. (Read More…)

By on June 10, 2011

China’s BAIC, the car company that is for all intents and purposes owned by the city of Beijing, is after Opel. That’s what Germany’s Welt, a paper usually well connected with the current German government, heard “from sources inside the company.” (Read More…)

By on June 10, 2011

Day 2 of the Opel rumor mill, and it keeps on grinding. Is Opel up for sale or is it not? Opel, their works council and regional governments close to the labor unions dismissed yesterday’s reports of a possible sale of Opel by GM as pure speculation. Yesterday, Opel chief Karl-Friedrich Stracke sent a letter to all employees. Today, he called an all hands meeting in Rüsselsheim and appealed to his workforce to ignore the nasty rumors. What is missing: A clear denial from Detroit. Today, Germany’s chancellor Angela Merkel demanded that GM should “provide clarity regarding the future of Opel,” writes Der Stern. And the magazine adds: “GM however continues to take cover.” (Read More…)

By on June 9, 2011

Both Der Spiegel and Auto Bild write that GM could throw in the towel on Opel and will put the loss making European division up for sale. Both papers are known to have high-ranking inside sources, both in Wolfsburg and in Berlin.

Auto-Bild: “GM is slowly wising up to the fact that the reasons that led to the planned Opel sale in 2009 have not changed.”

According to the paper, the German government has picked up indications that GM wants to sell Opel  to unnamed parties in China. (Any guesses? Who’s building cars in China on Opel platforms?)

Now, says Auto-Bild, Berlin is worried about the yellow peril and turned to Volkswagen for help.

UPDATE: Reuters reports

“Akerson is fed up with Opel, and the turnaround isn’t gaining traction,” said a person familiar with the GM CEO’s thinking who declined to be named.

“He is trying to think of all possibilities to improve performance. But a sale is wishful thinking.”

(Read More…)

By on June 1, 2011

After tedious negotiations, and only after an arbitrator was brought in, GM’s Opel finally has a deal for its Bochum plant in Germany. As planned, 1,800 jobs will be cut. The deal will cost GM dearly. (Read More…)

By on May 18, 2011

Not to cut speculation short or anything, but the answer is “probably not.” GM has already said that its “Baby Enclave” will be built at its Orion Township plant, alongside the new Aveo-replacing Chevy Sonic, which indicates a subcompact (Gamma II)-based MPV will be Buick’s next vehicle. Add to that the fact that GM has said the “Baby Enclave” would bear the styling cues of the Buick Business concept, which the Opel Meriva more closely resembles, and it’s clear that Buick’s first MPV will be the suicide-doored subcompact. But, since Buick won’t bring the Chinese-market GL8 minivan stateside, this compact, Astra-based mini-minivan could be coming to a Trishield dealer at some point… in fact, some might even argue that a compact MPV would do better as a Buick than a subcompact one (even with suicide doors). Either way, the new Zafira will be crucial to Opel’s attempts to right its sinking ship over the next several years.

By on May 8, 2011

His mother’s father was Wilhelm von Opel, son of the Opel founder Adam Opel. His father’s father was the enemy of the fixies: He invented the freehub. His company was a major supplier of auto parts. But that’s not how the world remembers Gunther Sachs, who shot himself on Saturday in his house in Gstaad, Switzerland. (Read More…)

By on April 3, 2011

From the sounds of a story at the Freep, both GM and Ford appear to get ready for bigger losses from Europe. Led by fanfares inflated by their hometown paper, Ford and GM seem to embark on a PR campaign to soften the blow at home:

“Europe was GM’s only unprofitable global region in 2010, extending the company’s streak of years in the red there to 11, with a $1.8-billion European operating loss. GM is hoping to break even in Europe this year before restructuring charges.”

(It’s the restructuring charges that will be the humdinger. Even if kept as non-recurring items, they will hit the bottom line in a big way.)

“Ford unexpectedly lost money in the fourth quarter in Europe, losing market share because it refused to match competitors’ incentives. It made a profit on European operations for all of 2010, albeit just $182 million of its $6.6-billion companywide profit for the year.”

And who’s to blame? The customer of course. The Freep’s informers see a gaping perception gap that is widening every day: (Read More…)

By on March 28, 2011


Does General Motors have an unfair advantage when it comes to taking the top prize in 24 Hours of LeMons racing? The General’s LeMons soldiers have taken something like a third of all Index of Effluency wins during the course of LeMons racing’s four-year history… and today another GM marque was added to the IOE victors’ list: Opel! (Read More…)

By on March 21, 2011

New twist in GM’s hunt for the elusive carpart: Opel’s Eisenach plant will resume normal operations tomorrow, Tuesday. It was reported to suffer a serious shortage of Japanese parts. (Read More…)

By on March 19, 2011

It is one of those strange twists of fate that Toyota’s arch-nemesis, GM, would be one of the first overseas automakers to experience shutdowns caused by a lack of supplies from tsunami-devastated Japan. (Read More…)

By on March 18, 2011

Last year, GM’s German patient, Opel, hemorrhaged $1.6 billion. It could easily have been twice than that, if Nick Reilly had fired the more than 8,000 workers that are on Opel’s endangered species list. Letting people go can get very expensive in Europe if you are a going concern. The only factory that was closed was Antwerp, to the tune of $532 million. That came to a little bit over $200,000 per worker. Reilly didn’t want to rain on the IPO roadshow, and moved the mass firings to this year. GM’s thank you: Reilly was fired. (Read More…)

By on February 25, 2011

Opel green lighted their new convertible. It is based on the current Astra and will be built in their Polish plant in Gliwice , Automobilwoche [sub]. In Gliwice, the car can be built alongside of other Astra models. According to Opel, the car should go on sale in 2013.

Foundation for the new ragtop is Opel’s compact car architecture, which underpins the Astra, the Astra Sports Tourer and the future Astra GTC.  The new convertible take te place of the Astra Twin Top with its foldable hard top.

Also scheduled for 2013: A new sub-subcompact.  And a homegrown version for the Agila, which currently is a rebadged Suzuki. Volkswagen wants Suzuki for itself.

By on February 24, 2011

GM is pushing its Chevrolet brand as a ”world brand,” reports the Freep. First battlefields for global bowtiefication: Europe and Korea. In Korea, the matter is easy: Last month, they took off the Daewoo badge and put a bowtie on instead. As predicted by TTAC nearly a year ago. There is not much that can go wrong in Korea: Hyundai dominates the market, Dawoo’s and now Chevrolet’s market share treads water in the single digits.

In Europe, any substantial market penetration by Chevrolet is “still a long-term goal,” concedes the Freep. And then, the Detroit paper proceeds to publish completely bogus numbers: (Read More…)

By on February 14, 2011

It’s not out yet, and it won’t be before the end of the year, but Opel is already flogging the Euro-version of the Volt, the Ampera, as the perfect cop car. Main selling point: It’s a veritable multi mission vehicle. “Whether emission free on patrol, or silent during undercover surveillance, or fast and persistent when in hot pursuit – the Opel Ampera is the ideal police cruiser,” brags Opel, which appears to humor AutoBild. (Read More…)

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