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GM Generali

23.39
-0.09 (-0.38%)
16 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Generali AQEU:GM Aquis Europe Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.09 -0.38% 23.39 23.40 23.41 23.435 23.07 23.31 202,898 16:50:17

GM Europe Willing To Sell Stake Or Form Alliance

18/02/2009 1:02pm

Dow Jones News


Generali (AQEU:GM)
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General Motors Corp.'s (GM) European division Wednesday signaled it is open to selling a stake or a forming a strategic alliance with a partner.

"If it makes sense for the sustainable success of GM Europe and Opel, management is also willing to negotiate partnerships and shareholdings by third parties," said the company and labor representatives in a joint statement.

They added that the company will immediately enter talks with labor representatives over a restructuring program aimed at shaping a sustainable financial basis for the operations.

In a joint statement, the two sides said they will examine possibilities to see how forced layoffs and plant closures can be avoided.

 
   Company Web site: www.gm.com 
 
   -By Christoph Rauwald, Dow Jones Newswires; +49 69 29 725 512; christoph.rauwald@dowjones.com 
 
 
 

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