GM unveils €11bn Opel restructuring plan

Author (Person)
Series Title
Series Details 10.2.10
Publication Date 10/02/2010
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General Motors revealed on the 9 February 2010 a restructuring plan that would see it invest €11bn in its European Opel/Vauxhall business over five years, but also cut 8,300 jobs and 20% of its capacity in a bid to become profitable by 2012.

Related Links
ESO: Background information: GM gears up for overhaul in Europe http://www.europeansources.info/record/gm-gears-up-for-overhaul-in-europe/
BBC News, 9.2.10: Opel to invest 11bn euros in new cars http://news.bbc.co.uk/1/hi/business/8505729.stm
Deutsche Welle, 9.2.10: Opel unveils restructuring plan http://www.dw-world.de/dw/article/0,,5231420,00.html

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