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No decision soon on GM Europe

By David Twomey |

Newsagency reports indicate that a meeting in Berlin later today will not resolve the future of the loss-making GM Europe subsidiary of General motors

The meeting between US carmaker General Motors and German government officials will not yield a decision on which bidder will succeed in taking a stake in the company that produces Opel and Vauxhall vehicles, a German government source said.

Reuters Newsagency quotes the source as saying it is also unlikely that a preliminary decision will be made on GM Europe’s future this week.

GM said on Monday it had received three binding takeover offers for the Opel/Vauxhall business.

production-opel

The company will now consider them together with European countries affected by the deal, including Germany.


 
  • http://Caradvice.com.au Baddass

    Why do the posts of GM Europe always use the same pictures?

  • gearboxdawg

    Probably there is a hidden message in there. Its trying to say GM always makes dull and boring cars that nobody wants to buy in Europe. LOL.

  • realcars

    To the contrary “dawg”.

    You will possibily find that in the good times GM Europa overinvested in new models and cutting edge supported by the then volume of sales and high volume/low margins at the time.

    Talking of boring u must be referring to the kings of monotony Toyota that use the Camry platform for everything and thus offer boring cars with very low development cost per unit.

  • Chris

    I would certainly rather have a GM product from Europe than one from Korea. Cruze vs Astra anyone?

  • DGS

    Very hard choice for GM.

    To sell off a (currently) loss making brand in Europe (that makes rather good cars) and concentrate on reviving loss making American brands back home (that make rather average cars). But…… the danger is those shifty, traitorous, double crossing, low down Europeans might sell Opels in direct compertition to GM’s quality American and Daewoo line up. The evil, ungrateful sods might even take Opel global and compeate even in America against GM.

    The safe option for them would be just to shut down and scrap Opel, then intoduce Europe to Daewoo like the rest of us. The German and British Governments might get a little unfriendly though.

    A compramise could be reached if the new buyers of Opel are legally restricted from selling Opel products anywhere outside of Europe.

  • FrugalOne

    GM as i have said before have NO interest in Opel, they just want the maximum amount they can get and no headaches, if it goes broke, burns-up etc etc the day after its sold they could/nt care 1 little bit.

    If they DID care it would have been owned by the FIAT Group, the real only long term sound solution, they want to pay the least though!

    Cheers

    F-0

  • gearboxdawg

    @realcars.

    GM Europe does make good cars only if the public buys it. Being cutting edge is great but it adds a layer of complexity and affects reliability. Even if the GM are competitive they do not lead in categories of reliability, fuel economy, braking or handling.

    http://www.consumeraffairs.com/news04/2007/03/cr_car_ratings.html

    No, I wasn’t referring to Toyota at all. GM also imports American marques and from Korea and rebadges them in Europe. Its the same for all car manufacturers.

    Lets hope the new GM that emerged from bankruptcy will be leaner and focused on cars that will make them profitable.