Opel to discuss plan for recovery

Opel’s supervisory board met on the 28 March 2012 to discuss a new five-year plan aimed at restoring General Motors’ lossmaking European business to profitability under worsening industry-wide market conditions.

Spiegel Online International, 26.3.12: Internal GM Plan Foresees Plant Closures in Europe http://www.spiegel.de/international/business/0,1518,823784,00.html

Spiegel Online International, 23.3.12: GM Reportedly Closing Two European Plants http://www.spiegel.de/international/business/0,1518,823269,00.html

ESO: Background information: GM prepares tough revamp of European units / Renault warns of cost from ‘desperate moves’ http://www.europeansources.info/record/gm-prepares-tough-revamp-of-european-units-renault-warns-of-cost-from-desperate-moves/

---