GM Seeks to Regain Share in Germany After Magna Saga
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General Motors Co.’s European division intends to expand its market share in Germany, the region’s second-biggest automobile market, as the carmaker seeks to rebound after its restructuring, said the unit’s president.
The automaker, which filed for bankruptcy in June 2009, considered selling the Opel unit to Magna International Inc. and drew up plans to slash jobs at its plants in Germany, before deciding to hold on to it in November of that year.