Commentaries
Now raising intellectual capital
Will GM pick a German to run GM Europe?
It looks as though General Motors will soon be looking for a new executive to run GM Europe, which includes its troubled Opel unit.
The U.S. carmaker needs someone with credibility within Germany as well as within the car industry if it replaces GM Europe head Carl-Peter Forster.
There are a few German industry heavyweights about who could do the job.
How about former Continental CEO Manfred Wennemer, who knows a lot about tyres and auto parts? Or Porsche’s former boss and golden-boy Wendelin Wiedeking? Or Daimler’s Wolfgang Bernhardt, who recently took over running the Mercedes-Benz van unit?
All have the right credentials, although Wiederking may have too much baggage (and too much money after his pay-off from Porsche to want to do the job).
Should Volkswagen demand a Magna Carta?
Magna International seems to be taking seriously threats from Volkswagen to pull its business following the Canadian car parts maker’s Opel victory.
Magna’s co-CEO Donald Walker is saying that after talking to them, most of his other customers are happy that the car parts group – which along with Russian backer Sberbank is buying a 55 percent shareholding in GM’s Opel — is able to protect their technologies.
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The Wall
