German magazine Der Spiegel is reporting this morning that Opel President Carl-Peter Forster has resigned from General Motors following the board's decision to kill the sale of a majority stake to Magna International. Apparently, Forster was disgusted at the way that GM officials handled the whole process. Over the past several months, GM went back-and-forth, first agreeing to sell to Magna, then opting for another bid before returning to Magna, only to finally kill the deal altogether and keep the brand for itself.
A statement issued by GM Europe today declines comment on the whole matter, dismissing speculation about any personnel changes. The statement as translated by Google appears after the jump.
[Source: Der Spiegel via Autocar]
Rüsselsheim. Around the leading bodies of Adam Opel GmbH, such as the board, there are currently a number of personnel speculation. Adam Opel GmbH can currently take no position on such speculation.
Even speculation about the role of Managing Director of Adam Opel GmbH or personal details in the management of Adam Opel GmbH, we can not comment at the moment.
After the vote of the GM Board of Directors, to retain Opel, will now begin discussions with all stakeholders. These will take place in the coming days. Adam Opel GmbH will refer in due course, together with General Motors' position.