By on July 27, 2011

Better late than never: After refusing for months to comment on rumors that Opel might be up for sale, and after having been lambasted from his own workers up to Germany’s government, GM CEO Dan Akerson said the magic words: “We don’t comment on speculation — and there has been a lot of speculation — but I will say this: Opel is not for sale.”

Akerson made the remarks at a GM plant while celebrating the official launch of labor talks with the UAW, Reuters reports.

The rumors had started early June when both Der Spiegel and Auto Bild, two papers at opposite ends of the colorful journalistic spectrum of Germany, had written that GM and especially Akerson could throw in the towel on Opel and will put the loss making European division up for sale. Workers and dealers wanted a clear denial from Akerson.

Nearly two months later, they have it.

Meanwhile in Germany, the restructuring of Opel’s Bochum plant is nearly done. There are 155 holdouts that refused to accept golden parachutes of up to $360,000 a head. They have until August 15 to accept. If they won’t, they will get fired, says BILD Zeitung.

 

 

Get the latest TTAC e-Newsletter!

4 Comments on “Opel Officially Not For Sale, Honestly Now...”


  • avatar
    acuraandy

    ‘…restructuring of Opel’s Bochum plant is nearly done. There are 155 holdouts that refused to accept golden parachutes of up to $360,000 a head. They have until August 15 to accept. If they won’t, they will get fired, says BILD Zeitung.’

    Really? They have UAW syndrome over there too, huh?

    I wonder if they’ll just half-merge it with Buick again, it would make sense for the Chinese market(?)

  • avatar
    Detroit-X

    Wow. SAAB–whoops—I mean Opel is not for sale?! Now that’s their first mistake. Old GM is alive and well. Opel, the company who is losing billions, but gave us great hits as _________, as _________, well, um… (crickets)

  • avatar
    fredtal

    This shows again how confusing GM management is. They just can’t make a decision and stick with it. Still I wondered where Buick was going with that “German Engineered” design they have been touting, especially with the new Regal. Oh well maybe now they can concentrate on the cars.

  • avatar
    eldard

    Opel should just switch business and start making mugs and soccer apparel or something.


Back to TopLeave a Reply

You must be logged in to post a comment.

Subscribe without commenting

Recent Comments

  • Re: Reader Review: 2014 Cadillac ATS

    Lie2me - Yeah, I found the interior surprisingly cheap looking
  • Re: Reader Review: 2014 Cadillac ATS

    319583076 - I thought the same thing, although I was relieved when I saw it wasn’t DW’s review. Too early in the AM for me to read his two minutes hate.
  • Re: Reader Review: 2014 Cadillac ATS

    tresmonos - Jesus Christ. Great review. This is what GM gets for not putting much weight into a Quality drive fleet. They have a few, but nothing on the magnitude that I...
  • Re: Comparison: 2013 Tesla P85 vs. 2015 Tesla P85D

    mr.cranky - I’ve never seen a single good post from bigtruckstroll. Otherwise, I would love to own a Tesla. Maybe if I hit the lottery down the road....
  • Re: Reader Review: 2014 Cadillac ATS

    Lie2me - “Electrical gremlins” are the scariest words in the automotive world. You’re a mechanic and the last thing I want to see you do when I ask you...
  • Re: Junkyard Find: 2001 Pontiac Aztek AWD

    greaseyknight - Quite possible that it was a headgasket or lower intake manifold gasket that caused its demise as 3400’s are know for both of those issues. Once...
  • Re: Reader Review: 2014 Cadillac ATS

    SayMyName - Good to see an actual owner’s perspective on why those who have stayed away from the GM – er, Cadillac – store should be considered some of...
  • Re: Reader Review: 2014 Cadillac ATS

    ajla - How do the lease offers compare?
  • Re: Reader Review: 2014 Cadillac ATS

    Maymar - It does seem rather befitting of GM to build the best BMW outside of Bavaria, just as BMW decides they don’t need to be building BMWs anymore, and it...
  • Re: Reader Review: 2014 Cadillac ATS

    TMA1 - Americans are obsessed with gimmicks, and car companies are obsessed with cost-cutting. Hence, glitchy, half-baked electronics. And is anyone bothered by that...

New Car Research

Get a Free Dealer Quote

Staff

  • Contributing Writers

  • Jack Baruth, United States
  • Brendan McAleer, Canada
  • Marcelo De Vasconcellos, Brazil
  • Vojta Dobes, Czech Republic
  • Matthias Gasnier, Australia
  • W. Christian 'Mental' Ward, Abu Dhabi
  • Mark Stevenson, Canada
  • Cameron Aubernon, United States
  • J Emerson, United States