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GM (GM) is expected to name today former Volkswagen executive Karl-Thomas Neumann as the CEO of...

  • Thursday, January 31, 5:20 AM ET
    GM (GM) is expected to name today former Volkswagen executive Karl-Thomas Neumann as the CEO of its perennial loss-making Adam Opel unit. Neumann, who is due to start on March 1, will be taking on a poisoned chalice: the European subsidiary has generated cumulative losses of $15B since 1999, which has caused a succession of CEOs to lose their jobs. He also won't be helped by the sorry state of the European car market.
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  •  
    Good luck!!! I think that this is a better choice than parachuting another US manager to Opel.
    31 Jan, 08:38 AM Reply Like
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