GM Still Far from German Money
17 Nov 2009, 08:48 UTC · By: Bogdan Popa / General Motors is now struggling to raise the needed money to start restructuring Opel but the company is far from getting support from Germany, whose officials felt outraged with its decision to ke...
GM Pays 200M Euro Opel Loan Tranche
17 Nov 2009, 08:13 UTC · By: Bogdan Popa / General Motors paid last week another tranche from the Opel loan it received back in June to keep the company alive, company representatives said in a statement. The German government agreed during ...
Volkswagen - Magna Benefits from Opel Decision
13 Nov 2009, 10:26 UTC · By: Bogdan Popa / GM's decision to scrap the sale of Opel helps the future of the Volkswagen - Magna collaboration as the German carmaker raised concerns that a potential deal could influence its own business. V...
Germany Might Reject GM's State Aid Request
12 Nov 2009, 09:29 UTC · By: Bogdan Popa / General Motors, who's now planning to convince the German government and other officials across Europe to support the Opel restructuring process, might face serious problems trying to do this, ...
EU's Concerns Led to GM Keeping Opel
11 Nov 2009, 11:19 UTC · By: Bogdan Popa / General Motors decided to keep Opel and angered German officials who negotiated for months a potential sale to Magna International and its Russian partner Sberbank. In its defense, board chairman Ed...
Merkel Urges GM to Present Opel Plan
11 Nov 2009, 08:50 UTC · By: Bogdan Popa / Fritz Henderson, GM CEO, traveled to Germany on Monday to discuss with the involved officials the Opel restructuring process but even so, German Chancellor Angela Merkel urges the US-based manufactu...
GM CEO: Opel to Live On as European Brand
11 Nov 2009, 08:10 UTC · By: Bogdan Popa / After General Motors announced its decision to keep Opel and scrap the sale to Magna International, some people expected to see the US-based manufacturer expanding the German brand at a global level...
GM May Ask Germany for Money
10 Nov 2009, 13:37 UTC · By: Daniel Patrascu / The over confident statements made by GM's CEO, Fritz Henderson, that the company he leads may be able to keep Opel running on its own, may turn out not to be true in the end. As the CEO is cur...
Magna CEO: Opel in Need of Freedom
9 Nov 2009, 08:48 UTC · By: Bogdan Popa / Magna International's co-CEO Siegfried Wolf said during the past weekend that the Opel brand needs more freedom and General Motors should now concentrate on repairing the company's image. ...
Autonomy - Main Demand in GM - Opel Unions Talks
9 Nov 2009, 07:56 UTC · By: Bogdan Popa / General Motors is already working on its restructuring plan for Opel and, in order to reach an agreement with the unions, the US-based manufacturer must be ready to offer greater independence. At le...
Mandelson Wants Early Sight on Opel Restructuring Plan
6 Nov 2009, 09:52 UTC · By: Bogdan Popa / While agreeing that GM's decision to retain possession of Opel and Vauxhall might be good for the two companies, UK Business Secretary Peter Mandelson demanded GM CEO Fritz Henderson and German...
GM Accused of Blackmail and Intimidation in Opel Case
6 Nov 2009, 08:48 UTC · By: Bogdan Popa / Opel's workers yesterday protested against GM's decision to scrap a potential sale to Magna International, some of them claiming the German brand has no chance to survive under the US-base...
Thousands of Opel Workers Protest Against GM
5 Nov 2009, 11:56 UTC · By: Bogdan Popa / Things are getting worse in the Opel case, this time for General Motors, after the US-based car manufacturer announced its intention to keep the company and start restructuring. But Opel workers acr...
German Opel Workers Feel Betrayed, Announce GM Protests
5 Nov 2009, 09:44 UTC · By: Bogdan Popa / Opel's German workers are far from being happy with GM's decision to cancel the sale to Magna International. Some of them feel betrayed, while others are already planning protests against ...
GM's First Opel Plan: 10,000 Jobs Cut
5 Nov 2009, 09:12 UTC · By: Bogdan Popa / Even if General Motors decided a few days ago to keep Opel and cancel the sale to Magna International, this doesn't necessarily mean that the US-based manufacturer intends to continue with the ...
German Politician Agrees with GM Retaining Opel
5 Nov 2009, 07:52 UTC · By: Bogdan Popa / Even if some other German politicians were outraged after hearing that General Motors will, after all, keep Opel and will cancel the sale to Magna International, Dirk Pfeil, a Free Democrat politici...
GM Will Pay Back German Opel Loan
4 Nov 2009, 11:43 UTC · By: Bogdan Popa / Now that General Motors decided to keep Opel, the German government is screaming loud and clear that it wants its money back. Germany previously loaned 1.5 billion euro to General Motors to keep Ope...
Merkel Surprised by GM Keeping Opel
4 Nov 2009, 11:24 UTC · By: Bogdan Popa / German Chancellor Angela Merkel was very surprised to find out that General Motors will after all keep Opel, in spite of all the efforts to sell the company to Magna International. Angela Merkel is ...
Opel OK with GM's Decision
4 Nov 2009, 10:28 UTC · By: Bogdan Popa / General Motors announced today that it will keep Opel and will cancel the sale to Magna International and, as far the German company is concerned, it has no problem with such a scenario. The company...
Germans Won the RoC Nations’ Cup War
4 Nov 2009, 10:05 UTC · By: Alex Vasile / The Germans claimed their third victory in the history of the Race of Champions Nation Cup. The show went down at Beijing’s famous Birds Nest stadium built by the Chinese for the 2008 Olympic...