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Ex-Continental Chief Wennemer Quits Opel
November 12, 2009
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Former Continental AG CEO Manfred Wennemer’s tenure as one of five Opel Trust board members ended on Nov. 7 following his resignation in protest against political interference over the planned sale of vehicle manufacturer Opel.

According to Reuters, while Wennemer’s act of protest against the “constant interference” from German politicians is potentially embarrassing to Berlin, his resignation is, however, “essentially symbolic” following General Motor’s recent change of mind regarding its European subsidiary.

Although appointed to the board to represent the German government’s interests, Wennemer voted against Magna’s acquisition of Opel, a deal strongly backed by German chancellor Angela Merkel, just days prior to the country’s national election.

In related news, earlier this week, General Motors announced that Nick Reilly, GM executive vice president and president, GM international operations, will immediately assume responsibility for the operations of Opel/Vauxhall. (Tire Review/Tyres & Accessories)