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Carlos Tavares - PSA Peugeot Citroën
The question that you raised, which is a fair one, is not related to Ruesselsheim, it is related to the whole European automotive industry.feedback
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Sep 12 2017
“The question that you raised, which is a fair one, is not related to Ruesselsheim, it is related to the whole European automotive industry.” said Carlos Tavares speaking about Opel. It’s one of the 148 quotes about Opel you can find on this page. 68 people have said something about this topic. Among them: Angela Merkel, Len McCluskey and Sergio Marchionne. Browse the quotes by date and by name to find those that are relevant to you.
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Jim Cramer

Given that GM is selling its money-losing Opel division, I couldn't agree with Moreno more.feedback

Ryan Brinkman - JPMorgan Chase & Co.

While the transaction is not expected to close until late 2017, we estimate GM is likely to begin to account for Europe as a discontinued operation as soon as 1Q [first quarter]. Excluding our forecasted GM Europe losses, then, will have an immediate positive impact on earnings.feedback

Matthias Mueller - Volkswagen

In the past Opel and PSA have been our accepted and well-respected competitors and they will be in the future as well. So we'll be excited to see how competition changes in that environment. Obviously we have our own homework to do and we're going to do that in a very single-minded way and therefore we are very positive about the future.feedback

Jean-Philippe Imparato - Peugeot

Last year, we welcomed the Opel Astra's win, because they made a great car and I'm happy to see we'll continue the adventure together, it's great.feedback

Sergio Marchionne - Fiat Chrysler Automobiles

There's no doubt that I think Mary (Barra, GM CEO) and her team are focusing on improving the profitability of the house and this is seen as a quick fix to a problem which has been sitting inside GM for a long time. I understand that they (GM) want to get out just to get rid of the problem, but you may have thrown out the baby with the bathwater. If it's true that the benefits that PSA is going to get out of this deal are of the caliber that he's talking about then the profitability of that business at PSA will actually be acceptable. It's not extraordinary but it's not bad.feedback

Carlos Tavares - PSA Peugeot Citroën

Everybody knows the turnaround, everybody can see the results … Because we have succeeded in our own turnaround we may have a chance to help Opel to become also a great company.feedback

Sergio Marchionne - Fiat Chrysler Automobiles

If you were to look at the development of U.S.-Mexico manufacturing split that's happened over the last 15 years, some of the moves that we have made collectively have been questionable …So we need to be honest and we need to be realistic about what can be repatriated in an effective way.feedback

Sergio Marchionne - Fiat Chrysler Automobiles

It's possible that a proper set-up of a border tax arrangement will not effectively increase prices for consumers especially if you drop the corporate tax rate. It ain't over. Let's run through the numbers. We need to see this in more detail.feedback

Sergio Marchionne - Fiat Chrysler Automobiles

I never close any doors... I may shamelessly try knocking on the GM door again, or any door, if I thought it was a good thing to do for the business, without even blinking, I could.feedback

Len McCluskey - Unite

The uncertainty caused by Brexit is harming the U.K. auto sector. We need assistance from the government to give this sector a fighting chance.feedback

David J. Herman

The idea is that this deal makes a strong second to VW, but they've got to make money.feedback

Carlos Tavares - PSA Peugeot Citroën

We think, with humility, but with a certain trust, that we can help Opel to accelerate its economic reconstruction. We see that there's a similarity between the difficulties Opel is going through today and PSA's situation three, four years ago. Shutting down a plant is rather simplistic. The only thing that protects us is performance.feedback

David J. Herman

What better industry to express a view of 'France first' than the auto industry? Is going to be excruciatingly difficult.feedback

Karl-Thomas Neumann - Opel

Together with Carlos, we are doing everything we can do to shape a sustainable and even brighter future for Opel, and for Vauxhall, and for PSA.feedback

Carlos Tavares - PSA Peugeot Citroën

The position we are taking here is: We are here to help. We think we can help because we were in the same position four years ago. We were also in a difficult financial position, and we were able to turn around our company. We believe that, with humility but some confidence, we can help Opel and Vauxhall turn around. Has been making red ink for 10 years, and burning 1 billion euros of cash every year. I think we need all to realize that there is a problem.feedback

Carlos Tavares - PSA Peugeot Citroën

If it is a hard Brexit, it would be better to source from inside, than from outside. In that case, then, the manufacturing footprint that Opel and Vauxhall have in the UK is a strategic opportunity. If it's not a hard Brexit, then everybody will be happy and the markets will be better, and everybody will enjoy it. That's where things are exciting: If we improve our cost competitiveness in the manufacturing, in purchasing, in engineering ... then we can sell more Opels and more Vauxhalls overseas, and it represents more work for the European plants.feedback

Carlos Tavares - PSA Peugeot Citroën

We want to give them all the good ideas, the best practices that we have implemented in our own plans and I'm sure they are bright, well-educated and they will understand it is in their best interests to 'copy paste' everything they can from everything we have done so far.feedback

Carlos Tavares - PSA Peugeot Citroën

The most convincing argument that we can send to them is to show them what we have done at PSA over the last four years. Everybody knows the turnaround, everybody can see the results…Because we have succeeded in our own turnaround we may have a chance to help Opel to become also a great company. Since I took the helm of PSA we didn't shut down any plant by PSA. This is not how we address the problem. I think shutting down plants is a simplistic way of looking at things. Before we reach that kind of dramatic situation, we have tonnes of things we can do to improve the efficiency of the plants.feedback

Matthias Mueller - Volkswagen

It has no influence on our plans initially. We have our own ideas and thoughts and will thoroughly work with them. We took Opel and PSA seriously as competitors in the past. These were two brands and now they're under a single roof. I don't believe that a great deal will change there.feedback

Carlos Tavares - PSA Peugeot Citroën

Our job is to continue with the momentum. I would prefer that we don't speculate on the future. The worst can always happen, but we are fighting for the best. We have reduced the break even [at PSA] by one million invoices (cars), which makes a stronger company... We will apply the same lessons and best practises at Opel Vauxhall as we have at PSA.feedback

Carlos Tavares - PSA Peugeot Citroën

I am telling you that it is a strategic opportunity. In the event of a hard Brexit, the fact that we have a UK footprint supplying the UK market with significant custom duties all around would be a good thing, don't you think? The brand will be managed by the Opel and Vauxhall people, and the pricing is also their responsibility. They will soon discover that it is important to have a healthy revenue as well. But I want to clearly state that we do not intend to come to Opel/Vauxhall with a pre-cooked plan. They will make their own turnaround plans with best practises from PSA.feedback

Matthias Mueller - Volkswagen

We are actually quite confident when it comes to the future despite this new reality (of a merger between PSA Group and General Motors' Opel).feedback

Rebecca Lindland - Kelley Blue Book

Unloading Opel-Vauxhall and the European part of the financing greatly improves GM's balance sheet, allowing investments in growing markets such as China and India.feedback

Greg Clark

The context clearly is nothing to do with Brexit. This is a restructuring of the organisation. And in my discussions with PSA, actually the chief executive has said today that Brexit isn't an essential driver of this, and we want to have the best possible trading relationship with Europe, but in any event Carlos Tavares has said there are opportunities post-Brexit.feedback

Len McCluskey - Unite

It is critically important that Vauxhall production remains with the UK.feedback

Brigitte Zypries

What is important now is to create further transparency until the negotiations are finalised, to further engage the unions and the management at Opel in order to achieve a good outcome for Opel in Germany.feedback

Len McCluskey - Unite

What is being said at the moments by PSA Peugeot Citroen is that they are going to honour all of our agreements. Now, that means that the current model at [the UK plants] Ellesmere Port and Luton will continue. But, the real challenge to us is to make certain that we get new models, and that is about going forward, making sure that we have a future – a long-term future for our plants.feedback

Carlos Tavares - PSA Peugeot Citroën

We want to create a European automotive champion from the combination of a French and a German company. We are indeed committed to these two iconic brands with their respective German and British heritage. We're confident that the Opel-Vauxhall turnaround will significantly accelerate with our support. If it is a hard Brexit, perhaps, in terms of strategy, it is going to be a very nice opportunity to be able to source the UK from the UK. This may look to you a little bit romantic.feedback

Mary Barra - General Motors

We are very pleased that together, GM, our valued colleagues at Opel/Vauxhall and PSA have created a new opportunity to enhance the long-term performance of our respective companies by building on the success of our prior alliance.feedback

Carlos Tavares - PSA Peugeot Citroën

We are proud to join forces with Opel/Vauxhall and are deeply committed to continuing to develop this great company and accelerating its turnaround. We see this as a natural extension of our relationship and are eager to take it to the next level.feedback

Brigitte Zypries

The agreements must be intensively studied, especially by the representatives of the workers.feedback

Mary Barra - General Motors

We are very pleased that together, GM, our valued colleagues at Opel/Vauxhall and PSA have created a new opportunity to enhance the long-term performance of our respective companies by building on the success of our prior alliance. We believe this new chapter puts Opel and Vauxhall in an even stronger position for the long term and we look forward to our participation in the future success and strong value-creation potential of PSA through our economic interest and continued collaboration on current and exciting new projects.feedback

Carlos Tavares - PSA Peugeot Citroën

We are proud to join forces with Opel/Vauxhall and are deeply committed to continuing to develop this great company and accelerating its turnaround. We respect all that Opel/Vauxhall's talented people have achieved as well as the company's fine brands and strong heritage. We intend to manage PSA and Opel/Vauxhall capitalizing on their respective brand identities. Having already created together winning products for the European market, we know that Opel/Vauxhall is the right partner. We see this as a natural extension of our relationship and are eager to take it to the next level.feedback

Carlos Tavares - PSA Peugeot Citroën

We are confident that the Opel/Vauxhall turnaround will significantly accelerate with our support, while respecting the commitments made by GM to the Opel/Vauxhall employees.feedback

Rebecca Lindland - Kelley Blue Book

Opel/Vauxhall was a profit-losing puzzle no one at GM could solve for decades, and outside forces such as Brexit and an increasingly complex regulatory environment did not help. Unloading Opel-Vauxhall and the European part of the financing greatly improves GM's balance sheet, allowing investments in growing markets such as China and India.feedback

Carlos Tavares - PSA Peugeot Citroën

Opel Vauxhall was prevented until now to sell overseas. There is an export potential opportunity for us. There is also the Brexit and the risk and the opportunity to have inside of the U.K. some manufacturing plants in case we have a hard Brexit. All of this represents opportunities that we want to tackle.feedback

Carlos Tavares - PSA Peugeot Citroën

We're confident that the Opel-Vauxhall turnaround will significantly accelerate with our support.feedback

Len McCluskey - Unite

This has obviously been a very difficult time for the workforce…Now that General Motors has disposed of its UK sites, our focus switches to working with the new owners to persuade them of the evident merits of our plants and this excellent, loyal workforce. I am determined that we can convince the new boss, Mr Tavares, that it makes sense for him to continue to build in Britain. Our plants are the most productive in the European operation, the brand is strong here, the market for the products is here, so the cars must be made here.feedback

Justin Madders

There should be no doubt that one of the biggest selling points to UK consumers is that Vauxhall is a British brand that supports British jobs. That is something that I know will be stressed to PSA.feedback

Greg Clark

Vauxhall has a long history of success in this country and we are determined to see that continue. The government welcomes the assurance by PSA that they will respect the commitments made by GM to Vauxhall's employees and pensioners.feedback

Carlos Tavares - PSA Peugeot Citroën

We do not need to shut down plants … We believe we need to trust the talents of people. They always come up with ideas and solutions we could not imagine … Shutting down plants is rather simplistic.feedback

Gavin Shuker

Glad to see the uncertainty over the PSA/GM deal is now over. Our UK plants are among the most efficient of any in the new company. They deserve a bright future. Now government needs to play its part, delivering a Brexit deal that keeps Vauxhall building in the UK.feedback

Greg Clark

We will continue to engage and work with PSA in the weeks and months ahead to ensure these assurances are kept and will build on the success of both sites for the long term. The prime minister and I have been in close contact with the PSA Group and General Motors and they have been clear this deal is an opportunity to grow the Vauxhall brand, building on their existing strengths and commitments.feedback

Carlos Tavares - PSA Peugeot Citroën

We're confident that the Opel-Vauxhall turnaround will significantly accelerate with our support. General Motors doesn't have to be relieved. They can be proud of giving Opel-Vauxhall a better future. Our planning teams are already working on that. This may look to you a little bit romantic.feedback

Carlos Tavares - PSA Peugeot Citroën

We are proud to join forces with Opel/Vauxhall and are deeply committed to continuing to develop this great company and accelerating its turnaround.feedback

Carlos Tavares - PSA Peugeot Citroën

Business ethics means that entering this deal, any agreement existing in the Opel Vauxhall company, especially all the deals with the unions, will be respected. This is not tactical, this is ethics. If there is an agreement, we respect it.feedback

Len McCluskey - Unite

While initial discussions with the PSA Group have been relatively positive, our priority now is to ensure a long-term future for our plants and the tens of thousands of workers depending on them. Our plants are the most productive in the European operation, the brand is strong here, the market for the products is here, so the cars must be made here. It is vital that those who have saved hard for their retirement receive the benefits to which they are entitled. Unite will not allow our members to lose out, not by a penny.feedback

Len McCluskey - Unite

I have sought and have received urgent assurances from the PSA Group and General Motors as to their intentions towards the pensions of the UK workforce.feedback

Carlos Tavares - PSA Peugeot Citroën

Everybody will have a chance to reach the benchmark in terms of efficiency and as we are progressing towards the benchmark and efficiency we do not need to shut down plants. Shutting down the plant is rather simplistic.feedback

Carlos Tavares - PSA Peugeot Citroën

We are proud to join forces with Opel/Vauxhall and are deeply committed to continuing to develop this great company and accelerating its turnaround. We respect all that Opel/Vauxhall's talented people have achieved as well as the company's fine brands and strong heritage. We intend to manage PSA and Opel/Vauxhall capitalising on their respective brand identities. Having already created together winning products for the European market, we know that Opel/Vauxhall is the right partner. We see this as a natural extension of our relationship and are eager to take it to the next level.feedback

Len McCluskey - Unite

Over the weekend, the chief executives of both General Motors and the PSA Group have spoken to me to outline their plans. Unite will ensure that these are communicated to our members at the earliest opportunity so that we can end this nerve-wracking period for these loyal workers, and move forward on how to safeguard our sites. So while initial discussions with the PSA Group have been relatively positive, our priority now is to ensure a long-term future for our plants and the tens of thousands of workers depending on them.feedback

Carlos Tavares - PSA Peugeot Citroën

Opel has been making red ink for 10 years, and burning approximately US$1 billion in cash every year. We believe we can help.feedback

Greg Clark

My personal commitment and the commitment of this government will be unbounded to make sure the future of the workforce will be maintained.feedback

Greg Clark

I will of course work with all the groups, including the trade unions, including the workforce, to make that case, if new owners there are to be, to those new owners.feedback

Mary Barra - General Motors

We've done a lot to improve the business but we're exploring opportunities to see if we can accelerate that even more because scale does matter in this business.feedback

Michael Sapin
Brigitte Zypries

The merged company needs a sustainable strategy for the future with a long-term perspective for all production sites, development centres and staff.feedback

Carlos Tavares - PSA Peugeot Citroën

There is significant complementarity in terms of customer consideration between the German Opel brand and our three French brands. This company needs help. What we see today with the situation of Opel ... has a lot of similarities with what we were facing four years ago. When you look at the product plan you see that you can in a quite speedy way implement quite significant synergies.feedback

Carlos Tavares - PSA Peugeot Citroën

When you look at the product plan you see that you can, in a quite speedy way, implement significant synergies. This company needs help. Opel's been losing money for ever, it's sub-critical mass and there's no interesting technology. But on the upside, a lot of the technical work is already done.feedback

Arndt Ellinghorst - Evercore ISI

It's about hard restructuring in Germany, the UK and Spain resulting in at least 5,000 manufacturing job cuts.feedback

Arndt Ellinghorst - Evercore ISI

Given the massive overlap of the two businesses, there should be no illusion as to what will need to happen.feedback

Michael Sapin

It's an operation that can bear benefits for each side on certain conditions, (and) the main condition is jobs.feedback

Dominic O'Brien - Exane

The most obvious starting point for any restructuring of course lies with labor.feedback

Andrea Nahles

We believe that both locations could benefit from it - both the French and the German plants. German-French cooperation could really spawn a champion company and that's why we're very pleased about the development today.feedback

Wolfgang Schaefer-Klug

Tavares communicated convincingly in the talks that he is interested in a sustainable development for Opel/Vauxhall as an independent company.feedback

Steffen Seibert

PSA Chief (Carlos) Tavares stressed that both companies would complement each other well. He stressed to the chancellor that PSA would preserve the independence of Opel in a merged company and would give plant, investment and job guarantees.feedback

Angela Merkel

With Opel, the talks are under way. The government has a co-ordination process under way. We will do everything we can politically to secure jobs and sites in Germany.feedback

Angela Merkel

With Opel, the talks are underway. The government has a coordination process underway.feedback

Christophe Sirugue

We are in discussion primarily to share information because we too learned of this announcement in the press.feedback

Brigitte Zypries

I expect it to take place. We are doing everything we can to ensure that the site remains, and above all so that research remains in Germany. That is our top goal.feedback

Mary Barra - General Motors

While there can be no assurance of any agreement, any possible transaction would enable PSA Groupe and Opel Vauxhall to leverage their complementary strengths, enhancing their competitive positions for the future in a rapidly changing European market. GM and PSA Groupe would each be able to capitalise fully on their respective strategic priorities. We would seek to ensure any transaction would serve the best interests of all our respective important stakeholders.feedback

George Galliers

General Motors have not made money in Europe for many years, it's a drain on free cash flow and with the European (car) sales above 15 million (units) now you'd argue we're at least three-quarters of the way through the cycle… if you're not making money (now) then will you ever? We like the deal, particularly from General Motors' perspective.feedback

Len McCluskey - Unite

It does seem as if Brexit is a factor in GM's thinking as its UK business relies heavily on its links throughout the EU supply chain. Without a shadow of doubt, UK car plants must be offered the same assurances as those given by the government to Nissan. But, as I stressed to the minister, we need the government to be clearly committed to securing access to the single market for the UK auto industry.feedback

Stéphane Le Foll

But I understand that, from the point of view of Germany, there is a desire to preserve a vital part of their industry and to preserve jobs.feedback

Andrea Nahles

The German government intensively discussed at a cabinet meeting today the issue of Opel.feedback

Efraim Levy

Deeper integration or partnership is more likely in our view than an outright sale.feedback

Bertrand Blaise

We are in discussions with Opel to expand upon our existing projects.feedback

Jose Asumendi - JPMorgan Chase & Co.

If the PSA-Opel deal were to go ahead it would certainly fuel additional M&A speculation.feedback

Philippe Houchois - Jefferies

Ongoing market concerns for PSA and GM have been lack of scale, which this combination would help to address.feedback

Rebecca Lindland - Kelley Blue Book

Opel has been hemorrhaging money for the last 16 years, so hard decisions are on the table in (CEO) Mary Barra's version of a profitable GM.feedback

Erich Krohn

Daimler is making the wrong cars. It ought to buy Opel to have a range of small cars.feedback

Guido Westervelle

Does this coalition want to save Opel or must Opel save this coalition? This will be the most expensive campaign of all times.feedback

Guido Westervelle

The middle class is what makes Germany strong. Break the middle class and you break the nation.feedback

Klaus Franz - Opel

The most important thing is to send a signal to the public that the dealers and the employees believe in the future of their company, and that they'll invest their money in it. And that won't be peanuts, it'll be some hundreds of millions.feedback

Norbert Walter - Deutsche Bank

The problem with General Motors and Opel is the international factor, which means it's necessary to make sure that state aid – German taxpayers money – isn't transferred to a bankrupt GM, which wouldn't help either Opel workers or European car buyers.feedback

Michael Glos

My fear is that more and more companies with over capacity will seek a rescue plan from the state and that would create problems for.feedback

Frank-Walter Steinmeier

Of course nobody can exclude the risks but I think we have found a responsible solution with private investors and interim funding from the state. It is a solution which preserves Opel's locations in Germany and also preserves the highest possible number of jobs.feedback

Nick Reilly - Opel

Under normal circumstances we would access the credit market but in the current environment this option is just not available to us and that's why we're asking governments to help. To make it very clear we are not looking for grants, we are looking for loans or loan guarantees.feedback

Paul Ingrassia

The industry is very sick. Usually at a car show, the cars are the story. This year the economy is the story. There is a lot of over capacity in the middle part of the market. So companies such as Renault, Opel, and especially Peugeot-Citroen and Fiat, they are all have too many cars, too few buyers, especially because of the economic recession that seems to be setting in in Europe.feedback

Frank-Walter Steinmeier

It is a good day for Opel, it is a good day for the people at Opel. The employees have feared since last year the loss of their jobs and future. And that's why I'm happy that a decision has been made.feedback

Pat McFadden

Our objective and the discussions that will happen about government finance and support for a restructured GM Europe will be about securing the future of those plants. We've had assurances on that from Magna and we want to make sure that those stick in the future.feedback

Sergio Cantone - Euronews

The death sentence handed to Opel Antwerp is symbolic of the crisis of the industry in Europe. And the EU is finding it difficult to keep member states in line over the single market and state aid rules. Here Opel workers are asking why is their factory to go when others stay open.feedback

Guler Turan

The Antwerp plant was very competitive and the European Commission must launch an investigation to see how this decision was reached because we don't understand it.feedback

John Smith - General Motors

General Motors is confident, that the Magna-Sberbank solution really represents the best solution to provide for a sustainable future for the Opel and Vauxhall brands.feedback

Tony Woodley

My concern is that we, in Britain, we are quick and cheap and easy to sack. We will once again bear the brunt of any closures that inevitably will take place across Europe and I'm not prepared to sit back and go quietly.feedback

Sergio Marchionne - Fiat Chrysler Automobiles

If the Opel transaction is not available to Fiat, life will move on.feedback

Sergio Marchionne - Fiat Chrysler Automobiles

Workers have no need to worry. We will do our best to avoid causing any damage that could be linked with the collapse of the market.feedback

Berthold Huber - Volkswagen Group

In any event, we need a clear decision now. We cannot just remain in this terrible state of wait and see. There comes a moment when one needs to settle on something.feedback

Norbert Röttgen

Opel Bochum shouldn't be treated like this. The plant and its employees deserves fair consideration and a fair decision by GM. Opel should get the chance to prove its quality and its international competitiveness.feedback

Günter Verheugen

It can't be that one country finances a solution at the expense of others. European law is quite clear on this point. Government aid is prohibited according to the European treaty and tolerable only in exceptional cases. Aid is not tolerable if it is tied to political conditions.feedback

Klaus Franz - Opel

We know General Motors have plans that entail Eisenach and Bochum being closed down and for that, there will be no agreement among the workers, neither in Germany, nor in Europe.feedback

Kris Peeters

It's very important that this dossier is not a political dossier but an economic and commercial dossier. And we are convinced that Antwerp must have a fair chance; and when there is an economic analysis of the situation we are convinced that Antwerp is a better plant than certain plants in Germany.feedback

Jonathan Todd - European Commission

The Commission will look particularly to make sure there are no conditions attached to the aide; for example, concerning where factories would be closed or which sites would get investment.feedback

Angela Merkel

I've made clear once again that we strongly condemn this, just as the Russian side does. I know that the president takes the human rights matter seriously. I think it is very important, and in our common interest, that non-governmental organisations should be able to work in Russia.feedback

Ferdinand Dudenhoefer

This is the financial crisis that we are feeling now, because consumers are looking more closely at making decisions on long-term investments, such as buying a car. Secondly, what has happened in the USA is about to push markets worldwide into a recession. And recession and selling cars don't go together at all.feedback

Klaus Franz - Opel

The work force is willing to make substantial contributions to the future of this company, but not if we should return to 100 percent control by General Motors.feedback

Frank-Walter Steinmeier

If General Motors goes into insolvency in the coming days, the lights cannot go out at Opel. We have to create conditions for an independent future at Opel.feedback

Christoph Stürmer

We have witnessed a meeting, for which – I can say that about the Americans – they were not properly prepared. And this is why, this meeting has NOT ended with a bad result, it has ended with NO result at all, because it was simply broken off.feedback

Jonathan Todd - European Commission

There can be no discriminatory conditions attached. You cannot have a situation where state aid is made subject to for example plant closure being in one member State as opposed to an other.feedback

Peer Steinbruck

About 300 million euros in the very short term, That played a big part in making this night longer.feedback

Rainer Brüderle

It's totally unacceptable, the attitude of General Mortors in respect to Germany is completely unacceptable.feedback

Matthias Rochau - Opel

Why have we come from Eisenach? We are Opel and we stand together as Opel. We showed this in September and we are showing this again today.feedback

Jim Cain - General Motors

Despite the tough environment for the automotive business in Europe, we believe we have an opportunity to turn the Opel-Vauxhall business around and bring it back to long-term profitability.feedback

Fritz Henderson

International operations were profitable in this period from July 10th to September 30th. Europe was not; Europe lost a little bit more than 400 million in that period, which means that Asia Pacific, Latin America, Africa and the Middle East at least were solidly profitable.feedback

Angela Merkel

In a free world you can't impose limits on the size of cars and you can't standardise them. Consumers must have free choice on what they buy. And moreover, if there were no manufacturers of big cars, innovation in the production of smaller cars wouldn't advanced so quickly.feedback

Carlos Ghosn - Renault

Taking into account that the number of cars will increase, that oil prices will increase, that the pressure on the environment will increase, the auto industry has no alternative but zero emission vehicles.feedback

Angela Merkel

We need somebody here in Germany who feels committed to Opel and who gets the freedom from General Motors to negotiate in the name of Opel Europe.feedback

Luc van Grinsven

General Motors in America announced many months ago that they wanted to close many plants in Europe. So the most important question that we have now is: what is the future of Antwerp and the future for our colleagues in Europe?feedback

Vladimir Putin

GM didn't warn or talk to anyone about what it was doing, but just presented everyone with a fait accompli, despite previous agreements.feedback

Vladimir Putin

This does, however, speak volumes about America's particular way of communicating with its partners.feedback

Klaus Franz - Opel

With this new concept, the possibility has been created for traders, employees and other investors to buy shares in the new Opel.feedback

Carl Peter Forster

We think it is right for Opel in Europe to stay within the GM framework, to have access to technologies – but in a legal form which is clearly more independent than is the case today.feedback

Angela Merkel

We think we should get the restructuring plan from Opel and General Motors within the next few days in order to discuss it with the different German states where Opel has factories. The economy minister has made the necessary preparations. We are aware of the worries the Opel workers have.feedback

Peer Steinbruck

The government hasn't decided on any preferred bidder yet. It's quite possible, though, that such a preferred bidder might emerge during our talks tonight. We have agreed within the government that we will study all offers fairly.feedback

Peter Mandelson

Now we've got to nail down the assurances and the commitments that Magna have given to me, face to face in London last week, when they expressed their commitment to continue production by Vauxhall in the UK.feedback

Angela Merkel

I think this is going to become a European structure within which everyone will find something for them. Of course, it's a highly unusual construction as the German government has led talks with the American government, but with the goal that this becomes a European structure under the leadership of Adam Opel, and that is what is important.feedback

Frank-Walter Steinmeier

I am sure that if we do the right thing, and don't give Opel away for nothing to the first buyer who comes along, if we look for the right project, then Opel has a future.feedback

Angela Merkel

The German interest lies in having the separation and legal aspects done before that. Because of these issues, Opel is in a special situation: even if an investor is found and says 'I want it' it wouldn't be legally possible in such a short period of time because the paperwork will take quite a long time to sort out.feedback

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