Tag: Brüdele

By on June 16, 2010

If you go back for what seems to be years, TTAC never gave Opel big odds for getting state aid. Ever since GM reneged on the Magna deal, their chances were pretty much nil. Since then, the German government had been subjecting Opel to water torture. A few  days ago, Berlin made it obvious. They had to, because GM was like a psychiatric patient that was slowly going through all stages of the Kübler-Ross model: Denial (“They said they would help us”), anger (“Maybe this will make your chancellor happy”), bargaining, depression, now finally, acceptance. Today, GM and Opel officially threw in the towel. Opel officially gave up on state aid. They will turn to the entity that supposedly wasn’t allowed to help them: The GM mother-ship. In other words: You and me will pay to save Opel.

Of course, GM didn’t just cry uncle. (Read More…)

By on June 10, 2010

We knew it would be one of Angela’s feel good meetings. Careful parsing of her statement yesterday gave the clues: “I will do everything so that the employees who were pushing for the preservation of Opel receive all possible help and support we have at our disposal.Angela hadn’t promised help for Opel. She promised to do what she can to cushion the blow to the Opel workers. Anyway, Frau Merkel met with the Premiers of the Opel states, only to tell them that the decision stands: (Read More…)

By on June 10, 2010

Yesterday, as predicted by TTAC on many occasions, Germany’s Economics Minister Rainer Brüderle denied state aid for Opel. Even before the announcement, his boss Angela Merkel called a pow-wow of the premiers of the Opel states to find out what can and should be done now. The pow-wow will take place today. Yesterday’s statements by Brüderle and his boss are quite telling. Here they are, unedited (German version courtesy of Automobilwoche [sub], translation by yours truly.) (Read More…)

By on June 7, 2010

On Wednesday, June 9 2010, the German government will decide whether they’ll grant Opel live support. Or whether Berlin gives Opel a pat on the head and best wishes for their future endeavors. That’s the current plan, says Die Zeit, based on reports by the German wire service DPA. Plans can change, as they did in the past.

It looks grim for Opel. (Read More…)

By on June 4, 2010

If anybody would offer me Nick Reilly’s job, I would scream. I don’t have the nerves the assignment takes. Yesterday, Opel made headlines for losing 51.5 percent in May. In today’s mass publication BILD Zeitung, there is even worse news: (Read More…)

By on February 13, 2010

The German magazine Der Spiegel got its hands on an internal document. In the paper, the German economy ministry gives an awful assessment of the business plan that Nick Reilly had circulated amongst interested parties. Interested parties being the countries where Opel has plants and where GM wants to collect €2.7b in government aid. The Spiegel’s article will appear in the printed issue on Monday. But there are some damning pre-releases.

Minister Rainer Brüderle has serious doubts about Opel’s restructuring plan. “The viability is questionable,” the internal memo says. The planned job cuts are “hard to understand.”

And once more, Germany’s all-time phobia when it comes to Opel aid emerges: (Read More…)

Recent Comments

  • Re: Chart Of The Day: U.S. Minivan Market Share In 2014

    Big Al from Oz - @stuki You are correct. It’s more or less a pimped cargo van, but re-engine with a 420ftlb diesel. As for those Chrysler/Dodge...
  • Re: Life With Accord: 12,000 Miles

    ecloebl - The original floor mats in my 1994 Lexus SC400 are filthy, but show no significant wear. They certainly look better than those six month old Honda mats. Plus, my...
  • Re: Life With Accord: 12,000 Miles

    Jacob - I wonder if Accord coupe still makes much sense considering the 2015 Mustang Ecoboost. The the same price, the Mustang will give more power, more option, and a...
  • Re: Life With Accord: 12,000 Miles

    Jacob - Good question. Or why are 6MT coupes with 4 cylinder engine available only in black color? It’s a damn arrogant company, considering the same cars sold in...
  • Re: Tesla Model X Has 20,000 Reservations, More To Come

    stuki - The defining mark of an overfinancialized economy, is that “all we have are forward looking statements.” What you’ve got, is...
  • Re: Chart Of The Day: U.S. Minivan Market Share In 2014

    turboprius - An EX-L Odyssey (by far the most popular trim, in terms of inventory and sales) costs $33,700 according to TrueCar. Some dealers, such as...
  • Re: Life With Accord: 12,000 Miles

    carrya1911 - How you drive is going to impact it. If your car sees lots of highway miles, you’ll end up with lots of chips in the front end. If you drive mostly in the...
  • Re: Tesla Model X Has 20,000 Reservations, More To Come

    stuki - I know two Tesla owners who once drove Hummers….. And another who drove a Ram Crew Cab Pimploredo Limited Cowhorn edition…....
  • Re: Tesla Model X Has 20,000 Reservations, More To Come

    stuki - Maybe the Big Japanese makes, are focusing on Hydrogen just long enough for Mr. Musk to stop holding out for Facebook valuations of what is...
  • Re: Life With Accord: 12,000 Miles

    Master Baiter - I have no doubt that the Accord coupe is a supremely competent car, but the styling is just so bland, I don’t think I could buy one. Even the Accord...

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