The halls of Wall Street are lined with 'Slimeballs.'
Germany needs a buyer for their auto factories.
NOW !
I really dislike the word 'Boycott,' don't you?
2001 Opel Astra Extreme
...Directors were briefed on the Opel sale during their two- day gathering, Renee Rashid-Merem, a GM spokeswoman, said today in an e-mail. She said no recommendation was made on Opel because talks are continuing.
“The board held a series of sessions to set goals, review future product plans for Chevrolet, Cadillac, Buick and GMC, and move forward on strategic decisions we need to make,” Chairman Ed Whitacre said in a statement.
The meeting brought together the six holdover directors for Detroit-based GM with seven new appointees led by Whitacre, the former AT&T Inc. chief executive officer and chairman. Opel and committee assignments were among items on the agenda, people familiar with the matter said.
Directors drove some of GM’s planned models, including the Cadillac SRX sport-utility vehicle and CTS Sport Wagon as well as the electric Chevrolet Volt, according to the statement.
New vehicles are part of the strategy for ending losses at the biggest U.S. automaker, which left bankruptcy protection on July 10 as a new company majority-owned by the Treasury. Predecessor General Motors Corp. filed for Chapter 11 protection on June 1....
Merkel says GM decision on Opel urgently needed (click here)
Sun Aug 23, 2009 6:38am EDT
"By Dave Graham BERLIN (Reuters) - German Chancellor Angela Merkel expressed her regret at General Motors' failure to choose a buyer for its German unit Opel, and said that a decision was ''urgently'' needed for the carmaker's future....
...In an interview with German ZDF television due to be broadcast later on Sunday, Merkel said she felt there might be a conflict of interest between GM and countries with a stake in its European operations, but that progress was being made....
GM Might Sell Chevy Volt Technology in Future, CEO Says (click here)
By James M. Amend
Wards Auto.com, Aug 13, 2009 3:41 PM
BROWNSTOWN TWP., MI – General Motors Co. President and CEO Fritz Henderson says he does not “rule out” selling lithium-ion battery packs to other manufacturers from the auto maker’s new plant south of Detroit, as well as other technologies to be used in the upcoming Chevrolet Volt extended-range electric vehicle.
However, such a strategy would be difficult because the pack’s T-shaped design is unique to the Volt. Henderson also does not rule out union representation at the plant, which as a wholly owned subsidiary does not fall under the national master labor agreement.
Some experts have suggested sharing Volt technology as a means for GM, fresh from a 39-day trip through bankruptcy, to widen its revenue stream, but Henderson disagrees.
“I wouldn’t rule that out if the opportunity were to arise,” he says, “but I wouldn’t necessarily see that as a large revenue stream.”
Henderson echoes the same sentiment regarding the Volt’s larger propulsion system, called Voltec. GM has said the technology will be used in an Opel Ampera C-car for the European market in 2011....
