General Motors (GM) may first and foremost be seen as an American car company, but early on in the car company’s history, it entered into an agreement to take control of Germany’s Opel in 1929, lasting an unprecedented 88 years. However, after a continuous decline in sales, GM announced a deal with France’s PSA …
GM In Talks to Shut Down Opel’s German Plant in Bochum
General Motors has been working with German union leaders the last several days to work out the details of job guarantees and plant closings surrounding its Opel brand. Opel was almost sold by GM in 2009, but the company decided it could make another pass at possibly turning a profit …