Detail Opel and Magna: A deal that stinks   Oleh:  The Economist Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 392 no. 8650 (Sep. 2009), page 15. Topik: Opel; Magna; Credit; Bankruptcy Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.57 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel IN THE run-up to this weekend’s general election in Germany, both Chancellor Angela Merkel and her main rival, Frank-Walter Steinmeier, are taking credit for saving Opel from bankruptcy and its four factories in Germany from closure. They have nothing to be proud of. In fact, it is hard to find anything good to say about the deal announced a fortnight ago, backed by €4.5 billion ($6.5 billion) of German taxpayers’ money, to sell 55% of the European arm of General Motors to a consortium consisting of Magna, an Austro-Canadian auto-parts firm, and Sberbank, Russia’s largest retail bank. Three other countries in which Opel and Vauxhall (GM’s British brand) have factories—Belgium, Britain and Spain—have asked Europe’s competition commissioner, Neelie Kroes, to investigate whether Germany has breached EU rules. They are in effect accusing Ms Merkel’s government of bribing Magna to ensure that most of the pain of restructuring the perennially lossmaking car firm is borne by non-Germans. Furthermore, the deal forced through by the Germans was the worst of several options in terms of industrial logic, making it very likely that the loans lavished on Magna and Sberbank will never be repaid. And GM itself is far from happy about being forced to sell to Magna and its Russian partner. Sberbank intends to make Opel’s technology available to its client, GAZ, Russia’s second-biggest indigenous carmaker. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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