the republic logo

GM's Opel unit to take full control of German warehouses currently run by joint venture

bug
Share/Save/Bookmark

BERLIN — General Motors Co.'s Opel unit says it will take full control of two auto parts distribution centers in Germany that are currently operated by a joint-venture company in which Opel holds a 20 percent stake.

Opel board member Peter Christian Kuespert said in a statement Wednesday the company has "made a decision to consider replacement parts logistics a core competence" and will operate by itself warehouses in Ruesselsheim and in Bochum.

Opel says the two distribution centers will be reintegrated into the company in February 2016.

Its joint venture with Neovia Logistics Supply Chain Services GmbH dates back to 2006 and also operates warehouses in Rome and Budapest. Opel says it will decide next year whether to continue outsourcing those two centers.

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.