General Motors And Opel

When was the last time something like this happened? Ten minutes of news about a failed deal? General Motors is not selling Opel to Magna. But the deal is only now starting. General Motors’ long hesitation in selling Opel already indicates that they never intended to sell the crown jewel of the group.

Great hypothesis, isn’t it? I don’t have any proof, but anyone is welcome to add it in the comments below. I write with a certain amount of anger. Opel has been building really good cars for several years, producing very profitably. GM is like a sick tree before winter: first suck the sap out of the leaves.
General Motors is only surviving thanks to nationalisation by the American government. Instead of the new owner slapping on the plaster and saying: “Out! You’ve driven the cart to the wall. Now it’s time to downsize! Sell Opel!” That’s what happens: Nothing.

I would have expected Obama in particular to take a clear position. A position that makes it immediately clear that he is really in favour of a change in shark capitalism. So far he has failed to do that. He saved General Motors from ruin. Only to now watch as General Motors threatens the workforce with Opel insolvency if the works council does not play along with massive cutbacks? Hello?

Sure, drive Opel against the tree, you locusts! Why have General Motors shares risen by 16% today? I’m expecting the worst. General Motors managers are getting big bonuses for failure. GM is driving Opel into insolvency because the works council voted against laying off 25% of the workforce at all German plants and cutting wages for the rest. Another traditional German company is being destroyed by sharks. What was it like at Quelle? Raven mother dead, daughter alive? Sure. So at the moment it’s really easy to develop communist ideas.