GM Europe faces serious leadership problem, but one with a solution.
Lou Hughes has had a tough year. As president of General Motors International Operations he's supposed to make the automaker a global company. It's a directive from his two bosses, former GM chairman John Smale and current Chairman Jack Smith.
That formidable task put him at odds with executives at Opel and GM Europe. They claim Hughes is "bleeding" those operations, overworking its people and micromanaging to achieve his global goals. They might have a point. Earnings from GM Europe, which is made up of Opel and Vauxhall with the bulk of the money generated by Opel, dropped from $778 million in 1996 to …
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