GM board decides to keep European Opel unit

Story by Superior Auto Institute / www.nodents.com

Last Month General Motors Co. decided to sale their European Opel unit to Canadian auto parts maker Magna International. This month however, General Motors Co. has decided to keep Opel themselves.
This decision was made Tuesday after a long meeting in Detroit; the CEO of GM Fritz Henderson reported that Gm will present its reconstructing plan for Opel to the German government soon. Magna’s co-CEO Siegfried Wolf reported that Magna would continue to support both GM and Opel through-out the future.
General Motors has had a very tough time through-out this recession. They lost more than $8 billion through-out the past 4 years and have received $50 billion for government aid. They announced the selling Opel in hope that their profit would go up in both Latin America and Asia.
At 54,000 workers and sells in cars such as Vauxhall, Opel, Cadillac and Chevrolet General Motors has the fourth highest auto sales in Europe coming in after VW Group, PSA Group and Ford Motor CO. European sales dropped 6.6 percent through the month of December and sales of Vauxhall and Opel cars have dropped even further coming in at 11.4 percent.
While GM had to file for bankruptcy earlier this year, Opel was kept out of the filing. Sixty-five percent of Opel was under the care of a trust while the other 35 percent was withheld by General Motors.
General Motors was not the only company having many problems during this recession. Several auto industries went into bankruptcy and were kept open due to government aid. Numerous companies ended up selling out some of their money making cars while other’s had to discontinue some famous cars. Now auto industries are beginning to pick up but they are still not doing so hot because American’s just do not have the money to buy cars.
During this summer, the “Cash for Clunkers” program was a huge success among auto industries. American’s were able to use their rebates so they could trade in their old gas chugging cars for a new fuel efficient one. All the while this program was great for business, when the program ended so did the business.
Unemployment rates keep rising which means more people are becoming jobless and less able to afford their mortgage let alone a new car. It is like a domino effect and it all starts with unemployment, once unemployment is figured out and American’s stop losing their jobs and other’s find jobs, the economy will strengthen thus getting us far way for the outskirts of a recession.
So, why not figure your employment out right now? Obviously Paintless Dent Repair peaks your interest because you came to this site, since you’re here I’ll tell you more about Paintless Dent Repair and how you can be your own boss with your own business.
Paintless Dent Repair Technicians are in very short supply, there are many cars out there and people are looking for the fastest, cheapest way to get their car fixed and back out on the road and you can help them. A technician pulls dents and dings from vehicles through glue-pulling which means there is no waiting on the sanding, painting or drying.
You can own your own business or work out of a dealership, it’s up to you. You could earn up to $100 per vehicle you fix which balances out to a nice check at the end and let’s face it any money is better than no money. Don’t procrastinate any longer, sign up today.

Top