GM workers protest at European plants
Reports say that protests have sprung up at two Opel factories in Germany as well as sites run by GM in Britain, France, Spain and Hungary. The best hope these workers have for their brands' survival is that GM spins off Opel and Vauxhall. Whether the two brands are sold to a third party or the spin-off is financed by a group of European Union countries is yet to be determined, if it ever will be. No one seems to be in the market for auto brands these days and, as EU officials admit, there's no precedent for pooling the resources of multiple countries to save a company. And just like the U.S. requested viability plans, German Chancellor Angela Merkel is demanding a "sustainability company concept" before her country would consider giving GM any aid.
[Source: Detroit Free Press | Photo by Ralph Orlowski/Getty]
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