NEWS

VAUXHALL Opel president Carl-Peter Forster is to leave the company with immediate effect, it has been announced. His departure is seen as a result of the failed takeover by Magna International. This means GM must begin an ‘immediate external search’ for a new CEO. While that is underway, rumours suggest GM hero Bob Lutz is [...]

GM has CALLED OFF the sale of its European Vauxhall and Opel operations in a shock industry move. The news broke late on Tuesday 3 November. GM says it is because of an improving set of trading results over the past few months, which means it can now justify keeping the brands. The firm also [...]

BBC News is reporting a deal has been done to save BOTH of Vauxhall’s car production plants in the UK. The Unite union, it says, has done a deal with new owners Magna, one which also ensures there are NO compulsory redundancies. Deal terms include a two-year pay freeze and other cost-cutting initiatives, but in [...]

EU competition commissioner Neelie Kroes is looking into the proposed sale of Vauxhall/Opel to Magna. After a meeting in the European Parliament, Vicky Ford MEP said the commissioner was to seek more information, on: •    Relative efficiencies of Opel/Vauxhall plants •    Further details on possible implications of the proposed deal This is to address concerns [...]