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GM’s Opel Sale Crashes
What once looked liked a done deal now suddenly isn’t. General Motors’ board has decided against selling Opel, it main European division, to Magna, a Canadian part supplier, which had partnered with Sbrebank, a Kremlin-backed bank, along with GAZ, a Russian carmaker, and the Opel union. Germany wanted this deal, but GM’s new board increasingly didn’t.
GM’s Delphic Albatross
At one time, Delphi was just another component of the vast vertically integrated manufacturing, management, and marketing colossus that was the Big Old General Motors. But in the early 1990s, GM decided to de-integrate and created the Automotive Components Group as a separate entity. About a decade later, this entity became Delphi. By 2005, Delphi was bankrupt. The bankruptcy gobbled up four years, with Delphi only emerging recently.
Recent Shifting Gears Posts
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Matthew DeBordNovember 20, 2009
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Matthew DeBordNovember 20, 2009
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Matthew DeBordNovember 19, 2009
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Matthew DeBordNovember 19, 2009
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Matthew DeBordNovember 17, 2009
