General Motors and the Nazis

General Motors and the Nazis

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This book, the first ever based on unrestricted access to General Motorsa€™ internal records, documents the giant American corporationa€™s dealings with the Third Reich. GM purchased Opel, Europea€™s largest automaker, in the 1920s and continued to hold it through the Second World War. Historian Henry Ashby Turner, Jr., uncovers the fascinating story of how the American carmaker conducted business in Germany under the Nazi regime and explores larger issues concerning the relations between international corporations and the Third Reich. The book presents new and detailed information about General Motorsa€™ interactions with Hitler and other Nazi officials, including the carmakera€™s attempt to capture the Volkswagen project. It also reveals how American GM executives thwarted a sustained Nazi effort to gain control of Opel. The author concludes with an assessment of the extent of the companya€™s implication, through Opel, in the Nazi war effort and in the exploitation of forced labor.General Motora#39;s largest overseas unit had not only failed to prove profitable but was becoming a financial drain on its hard-pressed owner.6 On top of its other German woes, GM found itself without the option of liquidating its investment in Opel in order to ... Since the currency controls drastically reduced the market value of Opel stock outside Germany, its sale for convertible currency would entailanbsp;...

Title:General Motors and the Nazis
Author: Henry Ashby Turner
Publisher:Yale University Press - 2005

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