Sunday, November 8, 2009

Leaves Opel, Bob Lutz Rumored to Chair the German firm's Board

GM Group vice president and CEO of Opel, Carl-Peter Forster has left his post as the head of the company's European operations only three days after GM's decision to terminate a deal to sell its Opel unit to Magna. While neither side gave a reason for Forester's departure, the fact that the former BMW executive was an outspoken supporter of the Magna deal pretty much explains it all.

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