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GM cancels Opel sale

BBC News -- General Motors (GM) has announced it has cancelled plans to sell its European car business Opel, including its UK brand Vauxhall.

The US giant said in a statement that its board had made the decision because of "an improving business environment for GM over the past few months".

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Submitted Nov 03, 2009 By: kidshare

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Author	Topic: GM cancels Opel sale	Post a Reply Back to Topics

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Sneakers55 Champion Author Houston Posts:23,415 Points:1,082,445 Joined:Nov 2005	Message Posted: Nov 4, 2009 6:30:42 PM Ignore Sneakers55 Report Abuse Mooseman1 wrote: >GM should cut part of it's operation up and sell it to Ford. Ford taking over part of GM would never work.
Sneakers55 Champion Author Houston Posts:23,415 Points:1,082,445 Joined:Nov 2005	Message Posted: Nov 4, 2009 6:27:27 PM Ignore Sneakers55 Report Abuse call911ok wrote: >Opel! Make Opels in US. They them here, they just give them other names. It's good old General Motors badge engineering. They've done it, sometimes to the detriment of the product, for at least 33 years.
call911ok Veteran Author Vancouver Posts:462 Points:67,255 Joined:Mar 2009	Message Posted: Nov 4, 2009 3:46:48 PM Ignore call911ok Report Abuse Opel! Make Opels in US.
skybiker Champion Author South Carolina Posts:2,078 Points:392,005 Joined:Jul 2008	Message Posted: Nov 4, 2009 10:47:27 AM Ignore skybiker Report Abuse Opel is a good brand in Europe...Good Plan GM...
albert2008 All-Star Author Winnipeg Posts:931 Points:242,395 Joined:Sep 2008	Message Posted: Nov 4, 2009 8:05:23 AM Ignore albert2008 Report Abuse some people are going to be mad
i4runner Rookie Author Orlando Posts:97 Points:15,650 Joined:Oct 2009	Message Posted: Nov 4, 2009 7:36:38 AM Ignore i4runner Report Abuse Considering the fact that GM Europe has the smaller more economical cars I wonder how smart it would be to get rid of that technology. They have the diesels also. Silly GM.
nojsts Champion Author St. Louis Posts:13,010 Points:2,621,595 Joined:May 2002	Message Posted: Nov 4, 2009 6:29:14 AM Ignore nojsts Report Abuse If there is a market for certain cars, then keep maling them.
ops3 Sophomore Author Cincinnati Posts:173 Points:546,025 Joined:Dec 2007	Message Posted: Nov 4, 2009 12:36:28 AM Ignore ops3 Report Abuse Buy, sell, cancel, uncancel; more strong management decsions
HailstormCA Champion Author San Diego Posts:2,198 Points:355,240 Joined:Nov 2008	Message Posted: Nov 4, 2009 12:29:12 AM Ignore HailstormCA Report Abuse Look what dividing us the telephone industry did for competition and service. GM could learn a lesson and not wait for Obama to tell them. Of course, he's got no experience at running a for profit company so he'll have to make use of some of his czars.
Mooseman1 Champion Author Manitoba Posts:4,023 Points:659,985 Joined:Jul 2007	Message Posted: Nov 4, 2009 12:12:11 AM Ignore Mooseman1 Report Abuse GM should cut part of it's operation up and sell it to Ford.
Buddy2264 Champion Author Tampa Posts:5,153 Points:1,096,840 Joined:Oct 2005	Message Posted: Nov 3, 2009 11:58:33 PM Ignore Buddy2264 Report Abuse How many OPEL's are sold in the US? Ford is still doing the best of all as of today's reports. All this with no government help. The Unions should notice this and go along with the changes that will help them make a profit and stay in business, not because they are making profit. Conservation keeps your money in your pocket.
granitestater Champion Author New Hampshire Posts:2,317 Points:352,390 Joined:Oct 2008	Message Posted: Nov 3, 2009 11:44:01 PM Ignore granitestater Report Abuse Things change fast in the business world. They just traded chief executives between the Opel branch and the Volt branch. So something had to be up...
PioneerUrban Champion Author West Virginia Posts:2,457 Points:484,155 Joined:Jun 2008	Message Posted: Nov 3, 2009 11:41:50 PM Ignore PioneerUrban Report Abuse As usual, the stupidity of GM manangement never ceases to amaze me.
NHLiveFree Champion Author New Hampshire Posts:2,425 Points:385,410 Joined:Jun 2008	Message Posted: Nov 3, 2009 11:40:47 PM Ignore NHLiveFree Report Abuse Thank you for your clarifying comments tonight Sneakers. The affects of this month's full moon have not worn off many of this forum's commenters.
HEBster Champion Author Kentucky Posts:2,561 Points:1,125,870 Joined:May 2006	Message Posted: Nov 3, 2009 11:40:04 PM Ignore HEBster Report Abuse Na they're gonna keep it for themselves...
DosEquis26 Champion Author Chicago Posts:1,053 Points:848,260 Joined:Jun 2006	Message Posted: Nov 3, 2009 11:38:34 PM Ignore DosEquis26 Report Abuse You mean they finally got someone to buy an Opel?
nighthawk55 Sophomore Author Toronto Posts:245 Points:188,270 Joined:Apr 2007	Message Posted: Nov 3, 2009 11:38:00 PM Ignore nighthawk55 Report Abuse The UAW has got NOTHING at all to do with this decision, i love how you all want to keep blaming the workforce for all these problems, its the inept management in the Ren Center in Detroit who makes the decisions, not the unions!!!!!!!!!!!!!
RovingOkie67 Champion Author Arizona Posts:1,492 Points:395,200 Joined:Jul 2007	Message Posted: Nov 3, 2009 11:35:17 PM Ignore RovingOkie67 Report Abuse Government Motors needs to change its structure so that it will NEVER fail again. But alas they also need to suffer some pains as well, because they shoved it down our throats with poorly made automobiles that thrashly buily, while being ecomical for us buyers. And know they will NOT starting telling us that we have to fork out at las $40,000 for a base model from them!
Insp0999 Veteran Author South Carolina Posts:461 Points:209,400 Joined:Sep 2008	Message Posted: Nov 3, 2009 11:33:43 PM Ignore Insp0999 Report Abuse If the jobs don't come back soon, you can kiss many more car companies good bye and there will be no to buy them either. If its not made in Korea or China, it will be too expensive for most people.
NHLiveFree Champion Author New Hampshire Posts:2,425 Points:385,410 Joined:Jun 2008	Message Posted: Nov 3, 2009 11:31:52 PM Ignore NHLiveFree Report Abuse Very odd that there is now no mention of the Russian backing that Magna was depending on for the Opel and Vauxhall purchase from GM. That certainly made for great bedfellows with the German govt.!!!
mfeldstein Champion Author Ottawa Posts:2,289 Points:771,005 Joined:Feb 2007	Message Posted: Nov 3, 2009 11:30:06 PM Ignore mfeldstein Report Abuse Magna should be compensated for its costs having negotiated in good faith while GM welched.
LoneGuy Champion Author Lansing Posts:2,249 Points:1,086,085 Joined:Aug 2005	Message Posted: Nov 3, 2009 11:29:22 PM Ignore LoneGuy Report Abuse It must have gone though the Obama approval. I heard a tradesman talking about getting his boss to replace broken tools tonight. They spent money going through manager after manager to approve buying a few allen wrenches and a crescent. It got back to a inept front line supervisor and he threw that whole thing in the trash. The wrenches probably didn't amount to $20. This inept boss in the past has routinely shorted his employees paychecks. He is still here.
Sneakers55 Champion Author Houston Posts:23,415 Points:1,082,445 Joined:Nov 2005	Message Posted: Nov 3, 2009 11:28:46 PM Ignore Sneakers55 Report Abuse RLH68 wrote: >Where I'm concerned, GM will see NO business from me. I kept looking at GM and finding things I didn't like. First really good vehicle I owned was a Toyota. Now, GM has Ed Whitacre as chairman. Still won't make me buy his cars but I have about everything that AT&T can sell you in Houston. [Edited by: Sneakers55 at 11/4/2009 12:29:41 AM EST]
Toppers Champion Author Atlanta Posts:2,699 Points:1,218,345 Joined:Mar 2005	Message Posted: Nov 3, 2009 11:25:16 PM Ignore Toppers Report Abuse Things must be lookin' up!
Sneakers55 Champion Author Houston Posts:23,415 Points:1,082,445 Joined:Nov 2005	Message Posted: Nov 3, 2009 11:24:50 PM Ignore Sneakers55 Report Abuse judgemobile wrote: >US govt owns 61 % of Government Motors. It's General Motors in the first place. The name has not been changed other than by people of the Limbaugh persuasion. Before you get all excited by Rush, go read the side effects of OxyContin. >I am concluding therefore that CHAIRMAN O'Bummer >approved this. You can also conclude the earth is flat.
Blue_Cruzer Champion Author Lexington Posts:1,585 Points:492,485 Joined:Mar 2007	Message Posted: Nov 3, 2009 11:24:36 PM Ignore Blue_Cruzer Report Abuse Who cares!
Chitowner Champion Author Omaha Posts:1,376 Points:407,340 Joined:Jul 2007	Message Posted: Nov 3, 2009 11:24:10 PM Ignore Chitowner Report Abuse Why bother
bigmaninarig Champion Author St. Louis Posts:2,196 Points:402,650 Joined:Jul 2008	Message Posted: Nov 3, 2009 11:23:14 PM Ignore bigmaninarig Report Abuse They better start showing a profit like Ford or they gonna lose a whole lot more than just Opel!
RLH68 Champion Author Orlando Posts:3,670 Points:717,900 Joined:Jun 2007	Message Posted: Nov 3, 2009 11:22:22 PM Ignore RLH68 Report Abuse Where I'm concerned, GM will see NO business from me.
Sneakers55 Champion Author Houston Posts:23,415 Points:1,082,445 Joined:Nov 2005	Message Posted: Nov 3, 2009 11:21:44 PM Ignore Sneakers55 Report Abuse hank1326 wrote: >GM should cancel UAW from their existence. It won't happen. I've seen unions decertified in at least three cases but in one case the unionized employees wanted something that was given to all nonrepresented employees. I've also seen all the tooling being yanked out of a plant during a strike causing the union to try to return to jobs that no longer existed.
judgemobile Champion Author Ohio Posts:1,499 Points:1,227,540 Joined:Nov 2005	Message Posted: Nov 3, 2009 11:20:15 PM Ignore judgemobile Report Abuse US govt owns 61 % of Government Motors. I am concluding therefore that CHAIRMAN O'Bummer approved this.
Sneakers55 Champion Author Houston Posts:23,415 Points:1,082,445 Joined:Nov 2005	Message Posted: Nov 3, 2009 11:17:47 PM Ignore Sneakers55 Report Abuse kidshare wrote: >Opel used to be sold here in the USA decades ago. Sold at Buick dealers as a captive import. Before they totally dropped the brand in the US market, they were rebadging Isuzus. >It's that Vauxhall name that bothers me...I have never >heard of it Then you know very little about General Motors. In the United Kingdom, GM uses the Vauxhall brand. GM says they're cutting back from eight brands to four but that's in the North American market. Holden (GM's brand in Australia) was kept off the block as it's a solid performer.
humblepie Champion Author Toledo Posts:6,272 Points:1,113,505 Joined:Mar 2006	Message Posted: Nov 3, 2009 11:17:11 PM Ignore humblepie Report Abuse this should make europeans love the usa even more
TBONE3 Champion Author Pennsylvania Posts:2,432 Points:716,765 Joined:Mar 2005	Message Posted: Nov 3, 2009 11:16:24 PM Ignore TBONE3 Report Abuse Wait another few days and GM will change its mind again.
rxman1 Champion Author Toledo Posts:2,804 Points:633,975 Joined:Nov 2007	Message Posted: Nov 3, 2009 11:15:59 PM Ignore rxman1 Report Abuse Here comes another bailout.
hank1326 Champion Author Los Angeles Posts:2,576 Points:484,965 Joined:Jun 2008	Message Posted: Nov 3, 2009 11:15:39 PM Ignore hank1326 Report Abuse GM should cancel UAW from their existence.
LeftLane1 Champion Author Georgia Posts:4,062 Points:659,400 Joined:May 2007	Message Posted: Nov 3, 2009 11:14:49 PM Ignore LeftLane1 Report Abuse there was a line to buy them, glad GM kept them, now move forward GM and recover!
PaylessKY Champion Author Kentucky Posts:1,430 Points:377,430 Joined:Oct 2008	Message Posted: Nov 3, 2009 11:12:25 PM Ignore PaylessKY Report Abuse Maybe no one wants to buy them.
CobraLeader Champion Author New Jersey Posts:156,156 Points:848,750 Joined:Apr 2007	Message Posted: Nov 3, 2009 11:12:02 PM Ignore CobraLeader Report Abuse How can these jokers cancel anything?
Sneakers55 Champion Author Houston Posts:23,415 Points:1,082,445 Joined:Nov 2005	Message Posted: Nov 3, 2009 11:11:27 PM Ignore Sneakers55 Report Abuse judgemobile wrote: >did the CHAIRMAN of Government Motors (O'Bummer) >approve this ? President OBAMA has worse things to care about other than GM.
Bus561 Champion Author Lexington Posts:10,008 Points:1,954,700 Joined:May 2004	Message Posted: Nov 3, 2009 11:09:59 PM Ignore Bus561 Report Abuse GM shouldn't have any say in the sale of this company anyway since they took bankruptcy.
FlyNFool Champion Author South Carolina Posts:2,135 Points:438,295 Joined:Aug 2008	Message Posted: Nov 3, 2009 11:09:19 PM Ignore FlyNFool Report Abuse Is Obama seeing dollar signs?
wiwhite87 Veteran Author Indiana Posts:318 Points:33,605 Joined:May 2009	Message Posted: Nov 3, 2009 11:07:23 PM Ignore wiwhite87 Report Abuse I'm glad to see that a potential stronghold overseas held by an American company will not be "sold off for parts." Those who havne't heard of Opel or Vauxhall probably haven't heard of Citroen, Renault, Spyker, Peugeot, or Holden for that matter either. Just because the car wasn't offered in America doesn't mean the company doesn't exist or make a worthwhile vehicle.
figman Champion Author Chicago Posts:7,993 Points:2,442,290 Joined:Sep 2001	Message Posted: Nov 3, 2009 11:06:04 PM Ignore figman Report Abuse If only they would keep Saturn and the Pontiac Vibe!!
eddyp94 Champion Author Ontario Posts:2,724 Points:585,410 Joined:Mar 2008	Message Posted: Nov 3, 2009 11:05:35 PM Ignore eddyp94 Report Abuse no one cares about GM any more...
eaglev Champion Author Oklahoma City Posts:2,223 Points:577,890 Joined:Jul 2005	Message Posted: Nov 3, 2009 11:03:08 PM Ignore eaglev Report Abuse Obama cannot make up his mind on what he wants done.
JohnJ55 All-Star Author Dayton Posts:722 Points:681,610 Joined:Jul 2007	Message Posted: Nov 3, 2009 10:59:30 PM Ignore JohnJ55 Report Abuse it would be a mistake to sell it anyway
judgemobile Champion Author Ohio Posts:1,499 Points:1,227,540 Joined:Nov 2005	Message Posted: Nov 3, 2009 10:48:41 PM Ignore judgemobile Report Abuse did the CHAIRMAN of Government Motors (O'Bummer) approve this ?
DAK1960 Champion Author Illinois Posts:1,278 Points:267,760 Joined:Nov 2008	Message Posted: Nov 3, 2009 10:46:02 PM Ignore DAK1960 Report Abuse opel is doing well no need to sell
Z51Corvette Champion Author Austin Posts:3,024 Points:584,080 Joined:Jan 2008	Message Posted: Nov 3, 2009 10:42:26 PM Ignore Z51Corvette Report Abuse Cynics!!! Opel is a good company and based in Europe... It will be of benefit to keep it. If you knew anything of economics, you would understand that fact!