UPDATE 1-GM Europe reins in Opel, Vauxhall, Saab units

Newswire

(adds quotes, background) By Michael Shields, European Auto Correspondent FRANKFURT, June 18 (Reuters) - General Motors Corp clipped the wings of its independently-minded European divisions on Friday by concentrating power at its regional headquarters, but did not announce any plans to close plants or cut jobs in its effort to return the European business to profit. Unveiling the plan in a statement, the world's biggest car maker said it has promoted Fritz Henderson, who became head of ...

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