http://www.newsvine.com/ceo-karl-friedrich-strackeNewsvine - ceo-karl-friedrich-strackeen-usCopyright 2013Thu, 12 Jul 2012 21:03:34 +0000Wed, 22 May 2013 02:33:56 +0000http://www.newsvine.comhttp://blogs.law.harvard.edu/tech/rss http://www.newsvine.com/_news/2012/07/12/12702807-opel-ceo-stracke-resigns-in-middle-of-turnaroundhttp://www.newsvine.com/_news/2012/07/12/12702807-opel-ceo-stracke-resigns-in-middle-of-turnaroundbusinesseugermanygmworld-newsopelceo-karl-friedrich-strackeThu, 12 Jul 2012 14:35:48 +0000http://activitystrea.ms/schema/1.0/posthttp://activitystrea.ms/schema/1.0/generic_post<p>FILE - In this March 6, 2012 file picture Karl-Friedrich Stracke, CEO of Adam Opel AG, sits inside the new Opel (Vauxhaull) Mokka during the press preview days at the 82nd Geneva International Motor Show in Geneva, Switzerland. Opel says CEO Karl-Friedrich Stracke has resigned as head of General Motors' struggling European business to take on special projects for GM. Adam Opel GmbH said in a statement Thursday July 12, 2012 that GM Vice Chairman Steve Girsky would serve as acting head of GM's European operations. GM head Dan Akerson said in a statement that the 56-year-old Stracke "worked tirelessly, under great pressure, to stabilize this business and we look forward to building on his success." GM is in the midst of a difficult effort to turn around its money-losing Opel and Vauxhall businesses in Europe. A partnership with PSA Peugeot Citroen offers a chance for cutting costs but will not show results for several years. Meanwhile, Opel is barred for now from closing plants in Germany </p><p>FILE - In this Jan. 16, 2012 file picture, CEO of Adam Opel AG, Karl-Friedrich Stracke, attends a press conference in Frankfurt, Germany. Opel says CEO Karl-Friedrich Stracke has resigned as head of General Motors' struggling European business to take on special projects for GM. Adam Opel GmbH said in a statement Thursday, July 12, 2012 that GM Vice Chairman Steve Girsky would serve as acting head of GM's European operations. GM head Dan Akerson said in a statement that the 56-year-old Stracke "worked tirelessly, under great pressure, to stabilize this business and we look forward to building on his success." GM is in the midst of a difficult effort to turn around its money-losing Opel and Vauxhall businesses in Europe. A partnership with PSA Peugeot Citroen offers a chance for cutting costs but will not show results for several years. Meanwhile, Opel is barred for now from closing plants in Germany to cut excess capacity. (AP Photo/dapd/ Thomas Lohnes,File)</p>