"Opel management has today informed the workforce that full vehicle production at the Bochum plant w

Opel, the loss-making German arm of US auto giant General Motors, said on Monday it would halt auto production at its Bochum plant in 2016 but pledged to keep it running as a parts distribution centre.
"Opel management has today informed the workforce that full vehicle production at the Bochum plant will be discontinued after production of the Zafira model is scheduled to cease in 2016," the statement said.
"The main reasons behind this decision are the dramatic decline in the European car market and the enormous overcapacity in the entire industry," Opel explained. Despite "intensive efforts, we have been unable to change this situation."
Opel and Vauxhall are heavily dependent on the European market where industry-wide sales fell by 15 percent in the first nine months, according discount downtown vancouver hotels to data published by the European automobile makers' association.
"The government regards Opel as a key company in the German automobile sector and expects the parent company General Motors to undertake everything to reach a solution that is socially acceptable," Streiter told a regular news briefing in Berlin.
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Conservatives in America are claiming General Motors would be in better shape and regained it s footing faster were it to have been left to the Private Sector to save rather than being bailed out by the government. Germany is often used and pointed to as a model for Conservative Austerity policy success discount downtown vancouver hotels over here in the States. So, how is Opel doing?
As talks have dragged on over a proposed EU-wide bank supervisor, Europe's paymaster Germany appeared to be dragging its feet in order to shape the new body in its own image. But is Berlin now willing to compromise?
German heavy industry giant ThyssenKrupp said on Monday it would not pay any annual discount downtown vancouver hotels dividends after it posted a loss of �4.7 billion for the year following a write-down of two loss-making steel plants.
US auto giant General Motors has decided to stop auto manufacturing at its Opel plant in Bochum, western Germany, after 2016, the head of the works committee said on Friday, a move that could mean the plant will close.
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