GM's Opel plant closure to cost $866M


General Motors (GM) will close its Opel Bochum factory in Germany, in pursuit of bringing down its high operating costs in Europe. The company estimates it will cost a total of $866M to shut down.

The automaker already booked $381M of the cost in results from last year and Q1 of 2014. The other $485M will be deducted over the course of this year.

Opel's heavy losses have inhibited GM's European sales for most of the last decade, and the closure is seen as a key step towards GM's restructuring.

GM -0.5% AH

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Comments (1)
  • Budavar
    , contributor
    Comments (1401) | Send Message
     
    The above initial reported GM plant closure cost of $866 million just announced
    is evidence = if any more were needed = that
    any EPS for this year + coming years

     

    >>>>>&g... is pure speculation.
    26 Jun 2014, 06:21 AM Reply Like
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