German Minister Meets With GM CEO Over Opel Breakup
DW reports that German Economics Minister Karl-Theodor zu Guttenberg is in the US talking about how best to disentangle/jettison the Opel brand from its “struggling parent company.”
One of the main issues Guttenberg will address is the ownership of patents and other intellectual property Opel requires to continue producing cars. He will also explore GM and the US government’s willingness to let go of Opel.
Chancellor Angela Merkel told public broadcaster Deutschlandfunk that Guttenberg needed to “clarify how General Motors would be able to back away in order to give Opel more room to move.”
Guttenberg’s schedule calls for additional talks with US President Barack Obama’s economic advisor Larry Summers; US Treasury Secretary Timothy Geithner; the heads the IMF and World Bank; as well as several US banks on Tuesday.
More by Robert Farago
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The DTS is such a geriatric design. I'm amazed they could sell them as anything more than fleet cars.
Does anyone, anywhere meet with Rick Wagoner and expect anything more than spin? Why GM is getting money from the gov and Slick Rick is allowed to stay is beyond me. Fire the SOB and maybe we can find someone that actually knows how to run a car company. As long as he's in there, GM is doomed.