Magna Confirms Bid for Opel
24 May 2009, 21:14 UTC · By: Bogdan Popa / After weeks of uncertainty, the Canadian-Austrian car company Magna International reckoned that it has submitted a bid for the German ailing brand Opel. Just as we told you in our previous coverage ...
GM Europe Confirms: There Are Three Bidders for Opel!
21 May 2009, 07:47 UTC · By: Bogdan Popa / OK, here's a new thing: although all rumors surrounding Opel's selling process were more or less related to Fiat and Magna International, it appears a third investor is also interested in ...
GM Future Car Design Competition Announces Winner
12 May 2009, 13:43 UTC · By: Alina Dumitrache / Winner of the Opel - Vauxhall of the year 2049 car design competition was elected last week. The lucky contestant was French designer Augustin Barbot with his the Opel Darwin 2049 concept. The even...
Opel Buyer to Be Announced by the End of May
12 May 2009, 09:25 UTC · By: Bogdan Popa / The Opel odyssey is slowly but surely coming to an end. And this end might take place as soon as the end of May, according to Fritz Henderson, the newly-appointed General Motors CEO. During a new co...
GM Europe Lost $2B in Q1
8 May 2009, 10:26 UTC · By: Bogdan Popa / General Motors yesterday announced its financial results for the first quarter of 2009, with the whole company reported a loss of no less than $6 billion. Although this is indeed an important loss, ...
Germany and the Story of the 14 Conditions for State Loans
5 May 2009, 14:04 UTC · By: Bogdan Popa / Opel has longly been in the spotlight, mostly due to its financial instability which led to a bunch of rumors claiming GM Europe, the mother company, is aiming to get rid of the German unit. It appe...
Saab Cuts Workweek to Two Days
20 Mar 2009, 11:03 UTC · By: Daniel Patrascu / Saab's survival story (we can't call it a fight, because there is none) is becoming more and more of a horror tale. With no prospects, no sales and no support, not even from their own gov...
Forster: Opel Not Insolvent
12 Mar 2009, 13:55 UTC · By: Daniel Patrascu / General Motor Europe' CEO, Carl-Peter Forster expressed his opinion about Opel's financial situation and denied in an interview with German radio station Deutschlandfunk that the German ma...
GM Needs Money From All Over Europe
4 Mar 2009, 18:53 UTC · By: Daniel Patrascu / If you first don't succeed, try again, the saying goes. It is what GM is doing in order to raise the much needed $4.2 billion. The company is now talking to Spain, Britain and several other co...
GM Europe's Bankruptcy Would Mean 300,000 Lost Jobs
4 Mar 2009, 11:56 UTC · By: Daniel Patrascu / GM Europe's failure to save itself from a possible bankruptcy would mean the loss of 300,000 jobs on the continent, affecting the people working in manufacturing plants, suppliers and dealers, ...
GM's Plan for Europe
18 Feb 2009, 09:26 UTC · By: Daniel Patrascu / GM's need for money does not restrict itself to the US market. The company's European division is waiting to find out the overseas events that will affect its operations. GM‘s Europ...