GERMANY/BELGIUM: GM puts final nail in Antwerp coffin
GM's Antwerp welding line will fall silent by the end of the year after additional negotiations failed
Opel said on Monday afternoon (18 October) that further negotiations over the future of its Antwerp, Belgium, assembly plant had ended and that vehicle assembly would stop at the end of this year.
"After a further meeting with a potential industrial investor, Opel confirms its statement of 4 October, 2010, that negotiations with this category of investors have concluded. There was no investor presenting a positive business case or a positive future for employees or the site," the automaker said in a statement.
"Opel also confirms that vehicle assembly operations in Antwerp will cease at the end of 2010 and that discussions with other categories of investors will intensify."
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