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GM Seeks To Move Headquarters To Germany
Source: Agencies |
November 16, 2009, Monday
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Print Edition
Print Edition
GENERAL Motors Co wants to move its European headquarters to Germany from Switzerland before the end of the year, an Opel spokesman said on Saturday.
By moving its headquarters from Zurich to Adam Opel GmbH's Ruesselsheim headquarters in Germany, the company wants to strengthen its subsidiary Opel, spokesman Ulrich Weber said. GM's Chevrolet brand will continue to keep its headquarters in Zurich.
On November 3, GM called off the planned sale of Germany-based Opel to Magna and Russian lender Sberbank.
German Chancellor Angela Merkel had favored that deal to save jobs. Merkel now says she wants GM to present a restructuring plan that gives Opel Europe and the German sites the chance of a good future.
By moving its headquarters from Zurich to Adam Opel GmbH's Ruesselsheim headquarters in Germany, the company wants to strengthen its subsidiary Opel, spokesman Ulrich Weber said. GM's Chevrolet brand will continue to keep its headquarters in Zurich.
On November 3, GM called off the planned sale of Germany-based Opel to Magna and Russian lender Sberbank.
German Chancellor Angela Merkel had favored that deal to save jobs. Merkel now says she wants GM to present a restructuring plan that gives Opel Europe and the German sites the chance of a good future.
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