#aid

High Stakes Opel Poker: GM Kicks In 1.9b, Wants To See 1.8b In Aid

GM throws in the towel. And throws a lot of (your, well, our) money after Opel. GM will invest a total of €1.9b into the German patient, says Das Handelsblatt today after talking to Bob Lutz. Nick Reilly confirmed the message today, and said the money can flow as paid in capital and loans from the mother-ship. It finally dawned on GM that European governments are just stringing them along until Opel runs out of money – again.

Bertel Schmitt Mar 02, 2010

The New, EU Compliant, Jobs-For-Money Plan. By GM

GM’s new European Viceroy, Nick Reilly, surprised and astonished the participants of a Saturday conference call by saying that German aid, or no German aid to Opel, “it won’t make any difference to our restructuring plan, so it will not lead to more layoffs in Germany or less layoffs.”

Now what’s that all about? Wasn’t the line before “you either pay us, or you pay unemployment benefits, anyway, you’ll pay?”

Bertel Schmitt Dec 06, 2009

Opel's Tech Center Fire-Proof

GM (probably with a little prodding from their buddies and new Chinese overlords at SAIC) realizes where the real value at Opel is: At the Opel Engineering Center in Rüsselsheim.

After yesterday’s press conference in which he had announced the ties with a stronger SAIC in China and India, Reilly spoke to 9,000 employees at Opel’s Rüsselsheim headquarters, Reuters reports.

The good news: 548 engineering jobs at the engineering center, formerly slated to be eliminated, will stay. The bad news?

Bertel Schmitt Dec 05, 2009

Recent Comments

Lou_BC Hard pass
TheEndlessEnigma These cars were bought and hooned. This is a bomb waiting to go off in an owner's driveway.
Kwik_Shift_Pro4X Thankfully I don't have to deal with GDI issues in my Frontier. These cleaners should do well for me if I win.
Theflyersfan Serious answer time...Honda used to stand for excellence in auto engineering. Their first main claim to fame was the CVCC (we don't need a catalytic converter!) engine and it sent from there. Their suspensions, their VTEC engines, slick manual transmissions, even a stowing minivan seat, all theirs. But I think they've been coasting a bit lately. Yes, the Civic Type-R has a powerful small engine, but the Honda of old would have found a way to get more revs out of it and make it feel like an i-VTEC engine of old instead of any old turbo engine that can be found in a multitude of performance small cars. Their 1.5L turbo-4...well...have they ever figured out the oil dilution problems? Very un-Honda-like. Paint issues that still linger. Cheaper feeling interior trim. All things that fly in the face of what Honda once was. The only thing that they seem to have kept have been the sales staff that treat you with utter contempt for daring to walk into their inner sanctum and wanting a deal on something that isn't a bare-bones CR-V. So Honda, beat the rest of your Japanese and Korean rivals, and plug-in hybridize everything. If you want a relatively (in an engineering way) easy way to get ahead of the curve, raise the CAFE score, and have a major point to advertise, and be able to sell to those who can't plug in easily, sell them on something that will get, for example, 35% better mileage, plug in when you get a chance, and drives like a Honda. Bring back some of the engineering skills that Honda once stood for. And then start introducing a portfolio of EVs once people are more comfortable with the idea of plugging in. People seeing that they can easily use an EV for their daily errands with the gas engine never starting will eventually sell them on a future EV because that range anxiety will be lessened. The all EV leap is still a bridge too far, especially as recent sales numbers have shown. Baby steps. That's how you win people over.
Theflyersfan If this saves (or delays) an expensive carbon brushing off of the valves down the road, I'll take a case. I understand that can be a very expensive bit of scheduled maintenance.

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High Stakes Opel Poker: GM Kicks In 1.9b, Wants To See 1.8b In Aid

The New, EU Compliant, Jobs-For-Money Plan. By GM

Opel's Tech Center Fire-Proof

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