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GM General Motors Company

44.86
0.19 (0.43%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
General Motors Company NYSE:GM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.19 0.43% 44.86 45.545 44.505 45.03 10,046,012 01:00:00

Opel Works Council, Union See Opportunity in Creating Large European Car Group

17/02/2017 12:18pm

Dow Jones News


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By Sarah Sloat

 

FRANKFURT--Worker representatives for German car maker Opel said Friday they were open to talks with PSA Group in the event of a sale by Opel parent General Motors Co. (GM) to the French company, noting that such a deal could have advantages.

The main criterion for talks would be recognition of existing agreements for Opel and its U.K. sister company Vauxhall, especially commitments on employment and investment, the German and European works councils and labor union IG Metall said in a joint statement.

"European employee representatives are able to see opportunities arising from the creation of the second-biggest car manufacturer in Europe," which could help Opel confront challenges facing Europe's auto industry, they said.

 

Write to Sarah Sloat at sarah.sloat@wsj.com

 

(END) Dow Jones Newswires

February 17, 2017 07:03 ET (12:03 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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