REPORT: Opel President Carl-Peter Forster quits after sale collapse

[jamz]

Filed under: Europe, Hirings/Firings/Layoffs, GM, Opel



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]Continue reading REPORT: Opel President Carl-Peter Forster quits after sale collapse

REPORT: Opel President Carl-Peter Forster quits after sale collapse originally appeared on Autoblog on Fri, 06 Nov 2009 11:00:00 EST. Please see our terms for use of feeds.



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