Filed under: Europe, Hirings/Firings/Layoffs, GM, Opel, Vauxhall
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Europe is a mess. The French auto industry is doing its best imitation of 1980s-era Flint, Michigan, Mitsubishi just sold an assembly plant for a single euro and pundits are calling for Ford and General Motors to just bail on the whole continent, where sales are dropping at an alarming rate.
Good luck, Steve Girsky.
General Motors announced today that Karl-Friedrich Stracke, its European president and CEO of the Opel empire is out, and vice chairman Steve Girsky has the reins, at least on an interim basis. Girsky had been serving as chairman of the Opel Supervisory Board, crafting a turnaround plan for the beleaguered GM subsidiary. Stracke will “take on special assignments reporting to GM chairman and CEO Dan Akerson,” according to an official press release. (Bonus points are duly awarded for not saying that he would be spending more time with his family.)
According to Fortune, Opel has bled some $16.4 billion since 1999 and probably can’t do much to right its financial fortunes until 2015, due to a labor agreement that forbids plant closures. The report indicates that this new assignment for Girsky is likely an audition for Akerson’s job. Should he manage to produce any positive results with Opel, it could raise his standing within GM.Continue reading Opel turnaround architect Girsky steps in as interim GM of Europe boss
Opel turnaround architect Girsky steps in as interim GM of Europe boss originally appeared on Autoblog on Thu, 12 Jul 2012 14:00:00 EST. Please see our terms for use of feeds.
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