GM Europe Head Quits Following Opel U-Turn


General Motors Europe head Carl-Peter Forster is quitting in disgust at GM's decision to hang on to its European unit Opel/Vauxhall, a well-informed source told Agence France-Presse on Friday. The source confirmed a report in the Spiegel magazine, saying: "I expect a withdrawal by Forster within a week." GM executive vice president David Reilly would replace Forster, as GM seeks to soothe anger over its decision to abandon this week a sale of Opel to Canadian group Magna and Russian partner Sberbank, Spiegel said. Forster was a keen supporter of Magna's bid. On Thursday, GM chief executive Frederick "Fritz" Hendersen told reporters in Detroit that he would pick a new management team for Opel and its British sister brand Vauxhall within "days or weeks." Read more.