Opel to end car production at German plantDecember 10, 2012 - 13:56 AMT PanARMENIAN.Net - General Motors Co.'s Opel unit says it plans to end car production at one of its plants in Germany in 2016 but the factory may instead be used for component manufacturing, The Associated Press reported. Opel said employees at the Bochum plant in northwestern Germany — one of four in the country — were informed Monday, Dec 10, that vehicle production there will end as expected when the company stops making the Zafira model. But it says the company's warehouse in Bochum will continue to employ people after 2016 and may be expanded. Opel also is negotiating with employee representatives to produce components at the site. Opel has been struggling amid economic gloom in Europe and overcapacity in the auto industry. It announced a turnaround plan in June that would involve cuts and new models. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |