GM And German Unions May Reach Deal On Opel–Reuters
A showdown between GM and its German unions may be about to end which would allow the firm’s Europe operation–Opel–to improve its P&L. As part of a deal that would allow the No.1 US car company to cut costs, some…
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A showdown between GM and its German unions may be about to end which would allow the firm’s Europe operation–Opel–to improve its P&L. As part of a deal that would allow the No.1 US car company to cut costs, some of its car production may be moved from South Korea to Europe.
A potential agreement under discussion would include GM transferring some Chevrolet production from South Korea to Opel in Europe, people close to the leadership of German union IG Metall said. In exchange, GM would get a free hand to push ahead with the cost-cutting it says it needs to save the brand.
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