German Chancellor angry at GM’s decision to not sell Opel
posted by Alex @ 20:11 PM
November 15, 2009
German Chancellor Angela Merkel needs to settle down now. The chancellor is bitter at GM’s reversal of decision to sell Opel in Europe to Magna and Gaz. Her fear is that GM is going to cut too many jobs at Opel, as compared to Magna’s plans.
GM decided to not sell Opel because of its small car platforms and also the improving global economy. This is a smart move in my opinion; how else would GM be a global company if it sold off most of its operations in Europe?
Does Angela Merkel actually think that Opel can be more successful under the ownership of Magna and Russia’s Gaz? She should relax.
Read the full article at New Europe.
Tags: Angela Merkel, Europe, Gaz, General Motors, GM, Magna, Opel
