General Motors Europe on Monday said “the process to search for an industrial investor interested in continuing operations” at its Antwerp, Belgium, plant “has come to an end”.
Earlier this year, Opel said it would shut the plant by the end of 2010. Following the announcement, the automaker set up a working group involving Flemish government, European and local employee representatives, and European and local management.
Go deeper with GlobalData
“The objective was to identify potential third-party investors for the plant by an agreed deadline of end of September 2010,” GME said in a statement.
“Unfortunately, none of the potential investors was able to come forward with a sustainable business concept for the plant.
“Consistent with our known restructuring plan, we will continue production in Antwerp until the end of this year. After then, production will cease and the plant will be closed.
“During this wind-down period, while the active search of an investor for continuing activities has ended, we will remain open to discuss any reasonable proposals that might be presented to us.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataPARIS SHOW: Reilly says Antwerp bidders might be announced imminently
PARIS SHOW: Two GM Antwerp plant investors being evaluated
PARIS SHOW: GM Luton van decision before year’s end
