* Opel board approves restructuring plan * Opel, including Vauxhall, to be made independent unit * No decisions yet on extent of job cuts or plant closures (Adds comments from news conference) By Christiaan Hetzner RUESSELSHEIM, Germany, Feb 27 (Reuters) - The European unit of U.S. carmaker General Motors said it planned to spin off its German arm Opel and needed 3.3 billion euros ($4.2 billion) in state aid to avert job cuts and site closures. Following weeks of speculation ...
Premium Content (PAID Subscription Required)
"UPDATE 3-GM plans Opel spin-off, needs billions from govts" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.