Magna Notify Antitrust Regulators of Opel Takover
26 Oct 2009, 14:24 UTC · By: Bogdan Popa / Magna and its Russian partner Sberbank notified today the European Union antitrust body of its takeover plan for Opel, with regulators announcing a November 27 deadline to decide whether to give the...
Self-Driving Cars, ETA 10 Years
22 Oct 2009, 08:25 UTC · By: Daniel Patrascu / The announcement of the European's Union new SARTRE project has opened the way for the development of self driving cars, which could be used in what may very well become passenger cars road tra...
EU Will Not Oppose Opel Sale. Sort of...
21 Oct 2009, 10:30 UTC · By: Daniel Patrascu / The European Union and its Competition Commissioner Neelie Kroes back down on the Opel-Magna deal and now say they will not oppose a sale of the German carmaker to the Canadian manufacturer, passing...
GM to Discuss Opel's Troubled State
20 Oct 2009, 10:28 UTC · By: Daniel Patrascu / Speculation about a possible Plan B from American carmaker GM to keep Opel, in case Magna fails to take over, regardless of the reason, may be taken to a whole new level after today's GM board ...
Germany Denies EU Allegations on Opel Deal
17 Oct 2009, 20:54 UTC · By: Daniel Patrascu / The recent concerns raised by European officials that the deal between German carmaker Opel and Canadian supplier Magna may be contrary to the European Union’s competition rules will not enda...
EU Divided on CO2 Reduction
14 Oct 2009, 09:01 UTC · By: Daniel Patrascu / The forecasted reduction in CO2 levels coming from vehicles in the following years has made several European countries demand for more time, in an attempt to shield their van manufacturers from the ...
EU Antitrust Boss Urges Opel Aid Decisions
29 Sep 2009, 14:26 UTC · By: Bogdan Popa / Even if Magna received GM's blessing to takeover the German brand Opel, it appears the Canadian - Austrian partsmaker facing more challenges before completing the deal. Neelie Kroes, European U...
Spain Wants EU Intervention in Opel Deal
28 Sep 2009, 14:20 UTC · By: Bogdan Popa / Just like several other European countries, Spain is asking for European Union intervention as the Magna - Opel deal might favor Germany who agreed to provide financial support for the Canadian - Au...
Russia Agrees to Financially Support Opel Investments
28 Sep 2009, 08:33 UTC · By: Bogdan Popa / While Sberbank a few days ago admitted it wants to sell its Opel share to a domestic industrial partner, the Russian government is ready to approve funds for backing local Opel investments, the Russ...
EU to Discuss Opel Aid on October 7
25 Sep 2009, 10:17 UTC · By: Bogdan Popa / The European Commission will meet with German officials and representatives from the countries that are hosting Opel production facilities on October 7 to discuss the financial package to be offered...
Germany Doesn't Need EU Approval for Opel Funds
22 Sep 2009, 13:05 UTC · By: Bogdan Popa / With both General Motors and Magna International planning to close the Opel deal as soon as possible, the involved parties are now discussing on the loans to be granted by the state of Germany. Even...
UK Asks for EU Decision on Opel Sale
14 Sep 2009, 13:32 UTC · By: Bogdan Popa / Things are getting more complicated for Magna every hour as several countries hosting Opel factories are asking for EU's investigation over the deal. British Business Secretary Peter Mandelson ...
Belgium Could Block the Opel - Magna Sale
14 Sep 2009, 07:04 UTC · By: Bogdan Popa / Even if General Motors last week announced that it plans to sell 55 percent of Opel to Magna and cease another 10 percent to the company's employees, the Canadian - Austrian partsmaker and its ...
EU Warns Germany Over Opel State Aid
1 Sep 2009, 12:15 UTC · By: Bogdan Popa / Germany has a soft spot for Magna International and we all know it. Especially if we take into consideration Chancellor Angela Merkel's statements who repeatedly said she's ready to person...
Volvo, Official EU Car
30 Jun 2009, 07:49 UTC · By: Daniel Patrascu / On July 1, when Sweden and its prime minister Fredrik Reinfeldt take over the presidency of the European Union, Volvo will become the government's official transport supplier. The cars will be ...
EU Approves 500 Million Euro Loan for Volvo
5 Jun 2009, 14:09 UTC · By: Bogdan Popa / Swedish automaker Volvo has just received a 500 million euro loan from the European Investment Bank which will allow the company to continue its green efforts and finance a project to develop low-em...
Nissan, Land Rover and VW Receive EU Money
7 Apr 2009, 15:54 UTC · By: Bogdan Popa / The European Investment Bank has just approved a loan package of up to 866 million euros ($1.2 billion) for Nissan, Land Rover and Volkswagen, with every cent to be used in green car development ope...
Skoda Superb GreenLine For the EU Presidency
6 Apr 2009, 10:49 UTC · By: Daniel Patrascu / Czech manufacturer Skoda takes advantage of the country's role as President of the European Union to promote its flagship environmentally friendly Skoda Superb GreenLines. Twenty-seven vehicles...
EU Pulls Up Its Socks to Help Auto Industry
16 Jan 2009, 11:25 UTC · By: Madalina Iancu / With so many governments announcing their plans to help the falling auto industry in their own country, the European Union could just not sit back and admire the view. According to drive.co...