BAIC Lost Opel Due to Intellectual Property Issues
24 Jul 2009, 10:40 UTC · By: Bogdan Popa / BAIC lost the battle for Opel, as General Motors indirectly revealed a few days ago, but nobody knew exactly why. The fight for the German brand is now down to two companies, RHJ International and M...
Magna to Use Former Chrysler HQ for New Plant
21 Jul 2009, 08:58 UTC · By: Bogdan Popa / Magna International, who's currently struggling to take over General Motors' Opel, is now turning its eyes to Chrysler. The Canadian - Austrian parts manufacturer is aiming to use the site...
GM Receives Three Offers for Opel
21 Jul 2009, 06:47 UTC · By: Daniel Patrascu / As we told you yesterday, all of the three bidders who race to get their hands on German brand Opel were expected to submit their offers to both GM and the German government last night. They did and...
RHJ Offers 275 Million Euros for Opel
17 Jul 2009, 10:55 UTC · By: Daniel Patrascu / Making a final push for the acquisition of the German manufacturer Opel, Belgian financial investor RHJ offered 275 million euros for a 50.1 percent stake. Called "Project Beam", RHJ'...
Merkel Supports Magna
17 Jul 2009, 09:41 UTC · By: Daniel Patrascu / German Chancellor Angela Merkel once again expressed her support for Magna in its race to get control of German manufacturer Opel and even went as far as saying that a final deal will be reached ove...
Germany Denies RHJ Is Opel's Favorite
16 Jul 2009, 12:36 UTC · By: Daniel Patrascu / The twisted tale which engulfed GM's German based brand Opel grows in proportion, as reports confirmed by one or more parties involved are denied by the others. Even if RHJ International offici...
Russia Will Push for Opel Deal
15 Jul 2009, 14:38 UTC · By: Daniel Patrascu / Seeing their plans of getting control of Opel through the alliance between Sberbank and Magna, Russia and its president Dmitry Medvedev will step in and ask for a final deal between Opel and the all...
RHJ International Confirms Bid for Opel
13 Jul 2009, 08:28 UTC · By: Daniel Patrascu / The plot thickens...Magna's talks with GM over Opel seem to really get out of hand, as the Austrian-Canadian manufacturer now gets pressured from all sides. After Chinese manufacturer BAIC subm...
Magna Still in Play to Secure Opel...
9 Jul 2009, 14:48 UTC · By: Bogdan Popa / ... at least this is what Magna's co-CEO Siegfried Wolf said in an interview, claiming that all reports saying that Magna might lose Opel are false. Basically, the Canadian - Austrian manufactu...
BAIC Still Out for Shopping, Eyes Fujian Auto
9 Jul 2009, 10:56 UTC · By: Bogdan Popa / BAIC is surely one of the most active automakers nowadays when it comes to acquisitions and joint ventures. After the company made the headlines with the over-discussed bid for the German Opel, the ...
Opel Unions Fret Over BAIC Talk
8 Jul 2009, 10:55 UTC · By: Daniel Patrascu / BAIC offer made to GM has sent shock waves not only within Magna, but through Opel's unions as well. According to Opel union leaders, BAIC is most likely not interested in securing a long term ...
BAIC's Plan for Opel
8 Jul 2009, 09:06 UTC · By: Daniel Patrascu / As things begin to hit up for Magna, with the Chinese from BAIC breathing down their necks, more and more details about what the Chinese are planning to do with Opel start to surface. We are coverin...
BAIC Wants to Sell Nearly 500,000 Opels in China
7 Jul 2009, 13:28 UTC · By: Bogdan Popa / In case the company receives the green light to take over Opel, BAIC intends to sell almost half a million cars manufactured by the German automaker in China by 2015. The plans were mentioned in the...
BAIC Would Build Opel Plant in China, Close Belgium Factory
7 Jul 2009, 12:56 UTC · By: Bogdan Popa / Even though Beijing Automotive Industry Corp. (BAIC) submitted a takeover proposal to Opel only a few days ago, the first rumors talking about the company's plans over the German brand are alre...
Magna Delays Opel Takeover Meeting to July 14
7 Jul 2009, 08:52 UTC · By: Bogdan Popa / One step forward and two steps back. This seems to be Magna's favorite motto these days as the company initially wanted to assure everybody that it is still favorite to take over Opel but is no...
BAIC Enters Bid for Opel
6 Jul 2009, 07:03 UTC · By: Daniel Patrascu / Putting an end to recent talk of their possible bid for Opel, Chinese manufacturer BAIC has made a take-over offer for German brand Opel. According to a German newspaper, quoted by Autonews, the Chi...
BAIC Prepares Bid for Opel
2 Jul 2009, 09:29 UTC · By: Bogdan Popa / Chinese manufacturer BAIC seems to be really enthusiastic with its plans to take over the German ailing unit Opel and is now finalizing a takeover proposal expected to be submitted to General Motors...
Magna in Trouble, Opel Bound for BAIC, RHJ
29 Jun 2009, 08:23 UTC · By: Bogdan Popa / Even if Magna International continues its efforts to secure the Opel deal by mid-September, General Motors has signed non-binding agreements with China's Beijing Automotive and Belgium's R...
The New Automotive World Order
26 Jun 2009, 20:00 UTC · By: Daniel Patrascu / 2009 has been so far, and chances are it will still be, a very troubled year in the automotive industry. Brought to its knees by an economic crisis which began in an entirely different sector of the...
Ripplewood-GM in Talks for Opel
20 Jun 2009, 17:02 UTC · By: Daniel Patrascu / How more twisted can the Opel story get? After at the end of last month we thought this is getting closer to be over, reports which surfaced these past two weeks claim GM's German brand is stil...