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...European operations this week was a huge embarrassment for German Chancellor Angela Merkel. She had thrown her weight behind the bid by the Canadian-Austrian car-parts maker Magna and its Russian partner, Sberbank, to buy Opel and Vauxhall from the beginning, seeing it as the best way to save German jobs and offering both sides billions of dollars in loan guarantees to grease the wheels. Before GM made its sudden U-turn on Nov. 3, Merkel had also been riding high. She was coming off an electoral victory in September and had just given a rousing speech before...

Author: /time Magazine | Title: GM Keeps Opel, Announces Job Cuts, Angers Germans | 11/5/2009 | See Source »

...said last month that it would launch an inquiry into whether Germany had been in breach of E.U. competition rules, Berlin told Brussels that such state aid would be available to any investor - not just Magna. Theoretically, this means that GM can apply for some of the money to save its European businesses, although German politicians probably won't take too kindly to that...

Author: /time Magazine | Title: GM Keeps Opel, Announces Job Cuts, Angers Germans | 11/5/2009 | See Source »

...spread across Europe on Friday." Thousands of workers gathered at the carmaker's plant in Rüsselsheim to vent their anger at the aborted sale. Roland Koch, governor of the state of Hesse, told the workers that GM couldn't be trusted and that he would fight to save every German job. The strike coincided with GM's announcement that it would shed 10,000 positions at its European plants, roughly the same number of jobs that Magna had planned to cut. GM did not say where the cuts would fall. The company employs 7,000 people in Spain...

Author: /time Magazine | Title: GM Keeps Opel, Announces Job Cuts, Angers Germans | 11/5/2009 | See Source »

...goal and save are examples of Nyamekye’s function on the Harvard squad as a dynamic, all-around player and his more recent responsibility as a team leader...

Author: By B. marjorie Gullick, CONTRIBUTING WRITER | Title: Defender Stands Tall for Crimson | 11/4/2009 | See Source »

...want to bring in a lot of new and creative ideas that haven’t been pursued in the past,” Katragadda said, such as transitioning to an online alumni newsletter to save print and distribution costs...

Author: By Kristen L. Cronon, CONTRIBUTING WRITER | Title: Seniors Chosen as Class Officers | 11/4/2009 | See Source »

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