If this were Las Vegas, the smart money might well be riding on Carl-Peter Forster. Forster is the former BMW exec that since April has been leading the charge at Adam Opel, General Motors’ struggling European operation that has lost nearly $1 billion over the last 18 months. Watching a soft-spoken but confident Forster lay out his “Project Olympia” battle plan for recovery, it is easy to draw this conclusion: GM at long last may have the right man for the job. The decade of the 1990s ...

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