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Thursday, November 5, 2009
Opel staff strike after GM decision
Thousands of German Opel workers go on strike to protest against GM's decision to keep European unit Opel, even though British Vauxhall staff were pleased with the move.
Business Update: GM slashing jobs
GM is to slash 10,000 jobs across Europe as it restructures Opel and Vauxhall. The Bank of England extends its quantitative easing programme as the ECB leaves interest rates unchanged.
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Toyota surprises with Q2 profit
Toyota reduces its 6-month loss forecast from $4 billion to $1.37 billion on Thursday.
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Uncertainty as GM to keep Opel
European GM workers have mixed opinions about GM's decision to keep hold of its Opel and Vauxhall units - some are pleased and others worried about their jobs.
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Toyota exits Formula One
The remaining Japanese car maker has announced it's pulling out of Formula One motor racing for financial reasons.
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Stuermer Says GM Keeping Opel `Makes a Lot of Sense': Video
Nov. 4 (Bloomberg) -- Christoph Stuermer, director of automotive analysis at IHS Global Insight, talks with Bloomberg's Margaret Brennan about General Motors Co.'s decision to call off a plan to sell Adam Opel GmbH. The Detroit-based company's board voted yesterday to keep its Opel unit rather than sell a majority stake to Magna International Inc. and Russian partner OAO Sberbank, reversing a September decision. (Source: Bloomberg)
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Toyota pulls out of Formula One
The remaining Japanese car maker has announced it's pulling out of Formula One motor racing for financial reasons.
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GM to Retain Opel in Break From Post-Bankruptcy Plan: Video
Nov. 4 (Bloomberg) -- General Motors Co.’s board voted to keep its Opel unit rather than sell a majority stake to Magna International Inc. and partner OAO Sberbank, citing an improving economy and the brand’s strategic importance. Bloomberg's Greg Miles reports. (Source: Bloomberg)
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Gold Hits Record High as Dollar Weakens; GM to Hold onto Opel
Nov.4 -- Bloomberg's Jane King summarizes the day's top stories in the Bloomberg Business Report.
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Dudenhoeffer Doubts GM's Opel Unit Can Survive in Europe
Nov. 4 (Bloomberg) -- Ferdinand Dudenhoeffer, director of the Center for Automotive Research at the University of Duisburg-Essen, talks about the decision by General Motors Co. to keep its Opel unit rather than sell a majority stake to Magna International Inc. and partner OAO Sberbank.
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