Opel/Vauxhall fully retained by GM

Gnome

Executive Member
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Sep 19, 2005
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7,208
I'm not sure if this has been posted before but happened to read today while browsing:

Wikipedia: Opel said:
However, on 3 November 2009, the GM board called off the Magna deal after coming to the conclusion that Opel/Vauxhall was crucial to GM's global strategy. On the other hand, this resulted in anger among German officials and Opel employees due to the fact that GM will now have to layoff about 20 percent of Opel’s workforce for restructuring Opel. The news was however received differently by Opel's sister company Vauxhall, whose workforce generally welcomed the decision as a positive move that would safeguard the future of GM's British assembly plants.

I was wondering how this was going to happen, pretty much all inline 4 and inline 3 engines of any value from GM are produced by Opel, was wonder how they were going to go without them, seems they realized that too.
 

JK8

Banned
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Jan 18, 2006
Messages
14,105
I dont think Magna had any plans for Opel anyway, they were going to sell it.
They had no way of handling the brand.
Seems to be a trend now, I foresee only a few car groups for the future, VW, Toyota will stay where they are, the rest is for whoever has the biggest pockets.
 
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