Market Watch (Free subscription) | 6 hours ago
FRANKFURT (MarketWatch) -- Germany's economics minister, Rainer Bruederle, sharply criticized on Wednesday General Motors' plan for restructuring its Opel/Vauxhall European operations. "GM's paper confirms, just as the resignation of GM CEO [Fritz] Henderson did, that GM does not have a clear strategy," Bruederle said in a statement on Wednesday. GM's chief executive, Fritz Henderson, unexpectedly...
France 24 (Free subscription) | 9 hours ago
German Economy Minister Rainer Bruederle pressed banks again on Wednesday to increase lending as the government named a "credit mediator" to boost the number of business loans. Bruederle urged banks to "fulfill their duties" to the wider economy in an interview with the public television channel ZDF. "Taxpayers extended generous aide to help you avoid bankruptcy," he...
Just Auto (Free subscription) | 6 hours ago
General Motors has indicated it would contribute around EUR600m (US$904.3m) of its own cash to restructure Opel, German economy minister Rainer Bruederle said on Wednesday.
PXDCO Reviews (Free subscription) | 11/16/2009
Click Here to watch how I turned $4000 into $40000 on Forex Germany has yet to overcome its biggest economic crisis since World War Two, Economy Minister Rainer Bruederle said on Monday. 5 Vote(s) Learn how to trade Forex on Auto Pilot Bookmark It Hide Sites $$('div.d27842').each( function(e) { e.visualEffect('slide_up',{duration:0.5}) });
PXDCO Reviews (Free subscription) | 11/15/2009
Click Here to watch how I turned $4000 into $40000 on Forex The German economy, Europe’s largest, will need at least two more years until it recovers to its strength before the global financial crisis, Economy Minister Rainer Bruederle said on Sunday. 10 Vote(s) Learn how to trade Forex on Auto Pilot Bookmark It Hide Sites $$('div.d27718').each( function(e) { e.visualEffect('slide_up',{duration:0.5})...
PXDCO Reviews (Free subscription) | 11/15/2009
Click Here to watch how I turned $4000 into $40000 on Forex The German economy, Europe’s largest, will need at least two more years until it recovers to its strength before the global financial crisis, Economy Minister Rainer Bruederle said on Sunday. 5 Vote(s) Learn how to trade Forex on Auto Pilot Bookmark It Hide Sites $$('div.d27688').each( function(e) { e.visualEffect('slide_up',{duration:0.5})...
Just Auto (Free subscription) | 11/13/2009
German Economy Minister Rainer Bruederle has said that Opel has no need for state aid because it can finance restructuring by itself.
The Truth About Cars (Free subscription) | 11/13/2009
The Opel/GM saga has more twists than New York’s Peppermint Lounge. Yesterday, we reported that GM’s Smith & Reilly went to Berlin to beg money from German Economy Minister Rainer Bruederle. They received the cold shoulder. Like good salesmen, they didn’t take no for an answer. Yesterday, a spokesperson of GM said (apparently, in German…): “Our company [...]
habser | 11/13/2009
It doesn’t appear likely that General Motors Co. will be given state aid by the German government to restructure Opel. Last Wednesday, Economy Minister Rainer Bruederle confirmed that a meeting had taken place with several GM executives who were armed with an apology about their failure to communicate with regards to the decision to back out of selling Opel to Magna International and its partner
The Truth About Cars (Free subscription) | 11/12/2009
GM’s John Smith, and a freshly minted GME CEO Nick Reilly went to Berlin to see German Economy Minister Rainer Bruederle, hat in hand, hoping for some Opel funds. They left empty handed. “I expressed my expectation that General Motors should basically carry out the financing itself,” Bruederle said after the meeting. Bruederle said that Smith & [...]
MarkLives.com (Free subscription) | 11/12/2009
Stories we are following today: My Branded Life [mandylives.com] King James‘ Alex van Tonder talks about so called “social media gurus”, women in advertising, those incoherent 5fm ads and the dodgy boys club. Germany to GM, re: Opel: SCREW YOU! [thedailymaverick.co.za] Economy minister Rainer Bruederle told GM CEO Fritz Henderson that “General Motors should basically carry out...
Credit Writedowns (Free subscription) | 11/12/2009
You could see this one coming given the humiliating circumstances under which the German Chancellor learned that GM was pulling out of the Magna deal. The BBC is now reporting that Germany will give General Motors no aid to restructure it’s business. That’s 4.5 Billion Euros they now need to come up with. Economy Minister Rainer Bruederle [...]
The Earth Times Online Newspaper (Free subscription) | 11/11/2009
Berlin - Giant US carmaker General Motors Co will need about 3.3 billion euros (5 billion dollars) for the restructuring of its troubled European Opel offshoot, German Economics and Technology Minister Rainer Bruederle said Wednesday. Speaking after ...
People Daily (Free subscription) | 11/05/2009
General Motors' decision to keep its European arm Opel after months of negotiations to sell it triggered anger and dismay in Germany, which had led the talks and was putting up much of the cash. German Economy Minister Rainer Bruederle called GM's behavior "totally unacceptable", while Christine Lieberknecht, the premier of Thuringia state, which hosts an Opel plant, called the decision a...
The Huffington Post (Free subscription) | 11/04/2009
BERLIN — General Motors Co.'s decision to scrap the sale of European subisidiary Opel raised new uncertainty Wednesday over the unit's future, astonishing politicians in Germany and Russia and prompting workers to plan walkouts in protest. The GM board's unexpected decision to call off the sale to auto parts maker Magna International Inc. and Russian lender Sberbank was a startling end to months...
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habser | 11/13/2009
It doesn’t appear likely that General Motors Co. will be given state aid by the German government to restructure Opel. Last Wednesday, Economy Minister Rainer Bruederle confirmed that a meeting had taken place with several GM executives who were armed with an apology about their failure to communicate with regards to the decision to back out of selling Opel to Magna International and its partner Sberbank.
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