GM Europe reins in Saab, Opel, Vauxhall units


FRANKFURT, June 18 (Reuters) - General Motors Corp clipped the wings of its independence-minded European car companies on Friday by concentrating power at its continental headquarters, but has not closed any plants or cut jobs in the plan to return the European business to profit. Unveiling the plan in a statement, GM said it has promoted Fritz Henderson, who became head of European operations only this month, to the new position of chairman of General Motors Europe (GME) and made ...

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