Opel’s Labor Chief Proposes Sales Of Some Shares To SAIC
Sponsored Links
Hot off the heals regarding the news that Opel will in fact not be launching in the Chinese market, Opel’s labor union chief Klaus Franz thinks that the German brand has global potential, whether or not the deciding powers in General Motors believe otherwise. Such conflicts in philosophy have formed rifts of tension between both management groups, but Franz thinks his latest idea may be able to persuade GM to allow Opel to branch farther out of the European region.
“One proposal would be to give Opel shares to SAIC,” Franz told Reuters, also noting that such a move would allow GM to receive in another percent of ownership in the Chinese joint-venture, making it an even 50 percent, rather than 49 percent. Currently, SAIC is the majority holder, with 51 percent.
With Opel reportedly planning a launch in Australia, and South America, and by injecting the Buick brand with several new models, Opel has more of a presence than most think. But is it meant for the global spotlight with Chevrolet and Cadillac? Sound off in the comments below!
Source: Reuters
- Sweepstakes Of The Month: Win a 2023 Corvette Z06 Convertible. Details here.
Sponsored Links
The Union Boss says, who does this bozo think he is, get of the high horse dude, oh and get a real job…