Was Opel Worth Keeping For General Motors?

Was Fritz Henderson right after all, back in 2009, when he pushed for General Motors to sell its money-losing Opel subsidiary in Germany?

His disagreement with the GM board over Opel precipitated Henderson’s ouster as CEO in December 2009, a few months after the bailed-out automaker emerged from Chapter 11 bankruptcy.

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Steve - 6/12/2012 1:11:37 PM

+1 Boost

Am I missing something?
- Opel is bleeding red ink, and has been for years!
- GM CAN'T get billions in bail-out bucks from the feds for Opel (a stream of income alternative to sales).
- Open doesn't have sufficient goodwill to provide GM with a "halo effect."
Do we really need to ask the question "Was Opel Worth Keeping For General Motors?"

vdiv - 6/12/2012 1:26:11 PM

+2 Boost

Does GM need Opel in order to sell cars in Europe? Does GM need Opel for small engines? Who would buy Opel and at what price?

ThierryHenry14 - 6/13/2012 9:47:01 AM

+1 Boost

Opel is extremely bland and just plan sucks under GM. Nothing good, nothing exciting... Just let it go bankrupt and kill it off like Pontiac and Hummer...