#restructuring
Opel Has A Plan. Looks Pretty Rotten
Opel’s Nick Reilly today revealed details of Opel’s long-awaited business plan. Here are the highlights (and low points) as reported by Automobilwoche [sub].
Industry Survey: US Not Out Of The Overcapacity Woods Yet
With the world starting to gain stability economically and economists talking about “bull markets” you’d be forgiven for thinking we can start to be optimistic and why not? Ford are flying high, GM (prodded by the government) are adding third shifts and Chrysler’s sales “only” dropped 3.7% in December. Well, don’t be too sure. CNN Money reports that a survey conducted by KPMG of 200 auto and supplier executive showed that 88% of them believe there is still too much capacity in North American plants. In fact, the survey showed that the executives believe that overcapacity is a bigger problem today than a year ago and when you look at the figures, it’s a bit of a no brainer.
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