Germany Angry with GM's Decision, Wants 1.5 Bn Euros Back
4 Nov 2009, 08:53 UTC · By: Daniel Patrascu / The not-so-shocking decision made by American carmaker GM to keep the German Opel unit in its portfolio upset the German government, who now says it expects GM to repay 1.5 billion euros in bridge f...
Analysts: GM Never Wanted to Sell Opel
4 Nov 2009, 08:51 UTC · By: Bogdan Popa / General Motors finally confirmed that it will keep Opel and won't sell it to Magna International, the Canadian - Austrian partsmaker that has been longly regarded as the new owner of the German...
Magna "Thanks" GM for Failed Opel Deal
4 Nov 2009, 08:05 UTC · By: Bogdan Popa / General Motors today announced that it will keep Opel and start restructuring on its own so all negotiations with Magna and Sberbank were only a huge waste of time. Also today, the Canadian - Austri...
Confirmed: GM Will Keep Opel
4 Nov 2009, 07:25 UTC · By: Bogdan Popa / General Motors' board yesterday held its monthly meeting in which it studied the latest changes in Magna's takeover proposal for Opel. Soon after that, GM's CEO Fritz Henderson steppe...
German Minister Says GM Keeping Opel Is Unlikely
30 Oct 2009, 08:04 UTC · By: Bogdan Popa / Officials involved in the Opel - Magna deal have been dealing with all kinds of rumors in the last few days but one surprising scenario broke cover this week, claiming that General Motors might afte...
Magna, Opel Confident the Deal Will Be Done
29 Oct 2009, 09:29 UTC · By: Bogdan Popa / Even if General Motors' retaining possession of Opel and restructuring using government money gets closer to reality, Magna and Opel executives expressed their confidence that the agreement wil...
GM Sources Admit Magna Picked Following Political Pressure
28 Oct 2009, 08:53 UTC · By: Bogdan Popa / Magna is getting farther when it comes to buying Opel as every single media report that comes out reveals a new hidden fact that could block the deal from getting closed. This time, the daily Financ...
Germany OK with GM Keeping Opel
28 Oct 2009, 08:06 UTC · By: Bogdan Popa / With Magna buying Opel still an uncertain scenario, Germany might approve GM's plan B - the US-based manufacturer might keep the company and start restructuring using government money. Accordin...
GM's Plan B: Keep Opel
19 Oct 2009, 12:13 UTC · By: Bogdan Popa / Opel's sale to Magna International is getting more complicated every hour as rumors concerning the transaction are now hinting that General Motors could keep the German brand in case the EU blo...
Audi to Build New A3 Body Shop
19 Oct 2009, 09:15 UTC · By: Bogdan Popa / German carmaker Audi will invest 100 million euros in a new project in the northern sector of Audi’s Ingolstadt site. Construction of the new body-manufacturing shop for the Audi A3 will begin...
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...
Volkswagen Golf R, Scirocco R Up for Grabs
16 Oct 2009, 07:58 UTC · By: Bogdan Popa / Volkswagen yesterday announced that both the Golf R and Scirocco R are now available to order in Germany. Both models are especially customized to provide advanced engine performance mixed with outs...
PSA Hopes Opel's Sale Will Unsettle Customers
15 Oct 2009, 08:52 UTC · By: Bogdan Popa / The sale of Opel to Canadian - Austrian partsmaker Magna International will surely have an impact on the auto sector and PSA hopes this will unsettle customers and bring more buyers for its models. ...
Germany Confident About UK Opel Loan
15 Oct 2009, 06:58 UTC · By: Bogdan Popa / Magna expects to get the final signature for Opel today but, before reaching this milestone, the involved parties have to talk about the loan packages to be offered by countries hosting Opel plants....
VW Golf BlueMotion Priced at €21,650
13 Oct 2009, 13:47 UTC · By: Bogdan Popa / Back in July, Volkswagen announced the BlueMotion flavor of the Golf that comes with outstanding fuel efficiency and emission figures. The BlueMotion variant is available for all three Golf versions...
Germany Optimistic about EU Opel Aid
12 Oct 2009, 16:03 UTC · By: Bogdan Popa / Germany has already approved a 4.5 billion euro aid in guarantees for Opel and, with the sale likely to be closed this week, the country is asking for the other nations hosting Opel factories to ann...
Opel Sale to Be Closed This Week
12 Oct 2009, 15:25 UTC · By: Bogdan Popa / We've heard that before but this time it looks serious. Opel union boss Klaus Franz revealed that Magna International is on track to take over 55 percent of the German brand this week but admit...
Germany Approves $4.5Bn Euro Loan for Magna
12 Oct 2009, 09:09 UTC · By: Bogdan Popa / A government panel agreed with the 4.5 billion euro ($6.6 billion) state loan guarantee to be provided to Magna International, with no objections from officials from the chancellery, economy and fin...
Opel Aid to Be Discussed Today
9 Oct 2009, 13:26 UTC · By: Bogdan Popa / Representatives of the German government and officials of other countries hosting Opel plants will meet today in Berlin to discuss the loan packages to be offered in support of the restructuring pro...
Audi Still in Play to Achieve 2009 Sales Goal
9 Oct 2009, 12:10 UTC · By: Bogdan Popa / Audi's sales are going well in global markets so the German brand is still on track to achieve the 900,000-unit sales goal announced in January. Audi sold a total of 705,300 cars worldwide in t...