German EconMin unconvinced by GM Opel plan-report

Newswire

BERLIN, Feb 12 (Reuters) - Germany's economy ministry is not convinced by a plan from General Motors to revamp its European unit Opel, Spiegel magazine reported on Friday, citing an internal ministry review.

Opel chief executive Nick Reilly unveiled a restructuring plan on Tuesday under which the carmaker will invest 11 billion euros ($15 billion) by 2014 and axe 8,300 jobs in a drive to ...

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