Germany Ponders Its Own Auto-Bailout
German Finance Minister Peer Steinbrück is currently in Washington, attending that “G20″ summit that is supposed to restructure the international financial system – i.e. to bring about a “Bretton Woods...
View ArticleOpel Fans, Speak Up!
Parallel to the ongoing drama in the United States over the survival of two out of the “Big Three” automakers – whether to give GM and Chrysler the new money they have come back to the federal...
View ArticleOf Protectionism and Hypocrisy
I’ve had this editorial in the Frankfurter Rundschau by Mario Müller (title: “Every man for himself”) held off to the side for a couple days until I could find the chance to address it adequately,...
View ArticleOpel Must Die! (For Your Motoring Sins)
I almost missed it, but here is the article I had been waiting for about the big question now confronting the German government. With Opel allegedly only having about a month’s worth of cash left –...
View ArticleTreuhand Solution for GM’s German Daughter
Now that all indications are that General Motors is heading for its own bankruptcy at the end of this month, in whatever specific form, this raises the question of what is to become of that firm’s...
View ArticleGeneral Motors: Still on the Fritz
If you’ve been following the news out of the US recession at all, you’ll be aware of how General Motors recently beat all the experts’ expectations by successfully reorganizing under American...
View ArticleOpel Antwerp: Doomed to Closure
Sorry, we have to leave the sexy now for the serious. The big news of the past week on the European auto-manufacturing front was the announcement – finally! – of the fate of Opel, for eighty years the...
View ArticleOpel: No State Bailout Money Left
Economic coverage in Europe continues to be dominated by the plight of the euro and of the Greek government. In a way, that’s too bad, because there are plenty of other simmering problems which lose...
View ArticleOpel: The Drama That Will Not Die
What is to become of General Motors’ European subsidiary? The European auto-market is overcrowded with suppliers, that’s clear; Opel needs a guarantee of money, from someone, in order to stay on its...
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