Carl Forster to quit GM following the collapse of the deal to sell Opel
Saturday, November 7th, 2009
With the collapse of the deal to sell GM unit Opel to Magna International, GM’s head of European operations Carl-Peter Forster has decided to quit. The report was broken by German newspaper Der Spiegel, which also stated that GM executive vice president David Reilly will replace Forster.
One of the reasons cited for Forster’s departure was his disapproval of how GM handled the Opel/Magna deal. Forster, a former BMW executive and son of a German diplomat, had spoken out in favor of the Magna deal and so his disappointment comes as no surprise. Germany was outraged to say the least. Forster’s departure marks the first high-profile manager exit as a result of the botched deal. Citing improved business conditions, GM chose not to sell its European operations. For the first in almost two years, US sales of General Motors vehicles went up in September.
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