GM Sends Axe Men To Europe To "Repair" Operations

General Motors Co. is sending big guns to Germany.

In a move that signals strategic commitment to finally repairing its troubled European operations, the Detroit automaker said Monday that Vice Chairman Steve Girsky is now chairman of the Adam Opel AG's governing supervisory board. Also joining the Aufsichtsrat are GM CFO Dan Ammann and Tim Lee, head of GM's international operations and GM-Europe's former vice president for manufacturing.

"This is not GM taking control of Opel," Girsky said in an interview from Germany. "We're very keen to fix the situation because Opel is a critical piece of our business strategy. Our priority is to get the business profitable, sustainable first. It's in everybody's interest to get this business fixed.

Joe_Limon - 11/22/2011 4:02:52 PM

-2 Boost

About time they fixed that money losing venture. I'm glad that they are trying to work with it rather then just lopping it off like they did Pontiac, Saturn, Saab and Hummer.