Nick Reilly News
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General Motors Co.’s Opel unit appointed Karl-Thomas Neumann as its top executive, tasking the former Volkswagen AG manager with ending years of losses at the German subsidiary.
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General Motors Co. ’s Opel division plans to start selling cars in Israel as the German brand expands worldwide to markets including South America and Asia, the head of GM’s European operations said.
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General Motors Co. ’s European division is reorganizing faster than planned as higher car prices help limit losses this year, according to Nick Reilly , the head of the unit.
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General Motors Co. and Ford Motor Co., U.S. automakers trying to boost the results of their European units, are moving to break even or turn a profit in the market this year amid the continent’s economic problems, executives said.
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General Motors Co.’s money-losing Opel brand overtook Fiat SpA with the steepest discounts in Germany last month as the unit seeks to halt a drop in sales.
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General Motors Co. , the biggest U.S. carmaker, and its Opel and Vauxhall brands withdrew all applications across Europe for state loan guarantees after failing to reach government agreements.
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General Motors Co. said it may enter the World Rally Championship for the first time in more than 20 years and boost its presence in touring-car races to bolster the image and selling prices of European brands Opel and Vauxhall.
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General Motors Co.’s Opel unit expects a decision on state aid in the next few weeks, GM’s European President Nick Reilly told Handelsblatt .
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General Motors Co.’s Opel unit should return to a profit by 2012 at the latest, Nick Reilly , Opel’s chief executive officer, told Frankfurter Rundschau .
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General Motors Co.’s Opel unit still wants 1.3 billion euros ($1.64 billion) in loan guarantees from Germany even after the U.S. carmaker returned to a profit in the first quarter, Focus magazine reported.
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