According to an AFP report, Troubled car maker is planning to close three plants including the one in Antwerp to tide over the current crisis. 11000 employees from the three locations - Eisenach, Antwerp and Bochrum may lose their jobs. The same report also claims that politicians in Germany have some concerns regarding the 4 Billion Euro Aid requested by Opel- they believe that the aid may end up in Detroit ( Opel being a subsidiary of GM). 
Opel ( Adam Opel GmbH) was formed in 1863 in Germany and was famous for Bicycles and sewing machines. It went into vehicle production in 1899-99 in association with Lutzmann. In 1929 , GM bought the company from the Opel family for 33 Million USD.
A Vintage Cabriolet (circa 1931 )
7 comments:
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