VW Touran TSI EcoFuel with Extended Autonomy
5 Oct 2009, 14:48 UTC · By: Bogdan Popa / Volkswagen has just introduced a new version of the Touran TSI EcoFuel that provides an extended range thanks to an increased fuel tank capacity and improved efficiency. The latest version of the ca...
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...
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...
Opel Workers Protest Against Potential Antwerp Closure
24 Sep 2009, 07:40 UTC · By: Bogdan Popa / Rumors hinting to a potential closure of Opel's Belgian plant in Antwerp are doing no good to Magna International, the new owner of the German brand. After Opel workers across Europe have alrea...
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...
GM Intervenes in Opel's Antwerp Case
22 Sep 2009, 09:00 UTC · By: Bogdan Popa / Opel and its new owner Magna International are getting ready to start talks with European unions regarding the job cuts to be introduced after the Canadian - Austrian partsmaker completes the takeov...
Opel Builds Solar Energy Plants in Germany
22 Sep 2009, 07:08 UTC · By: Bogdan Popa / Even if Opel is currently experiencing very difficult times as Magna is taking control of the company, the German brand continues its usual business and today announced the construction of a solar e...
Spanish Opel Workers Protest Against Magna
21 Sep 2009, 07:57 UTC · By: Bogdan Popa / Things are getting worse for Magna International, the Canadian - Austrian partsmaker recently picked by General Motors to become Opel's new owner. Thousands of Spanish Opel workers demonstrated...
UK Complains About Merkel's State Aid for Opel
20 Sep 2009, 10:21 UTC · By: Daniel Patrascu / Germany's projected state aid for Opel is slowly sparking protectionism accusations; yet, German chancellor Angela Merkel stands by her decision to help Opel. {ad| “We are naturally dete...
GM CEO Confirms: Antwerp Plant at Risk
18 Sep 2009, 07:52 UTC · By: Bogdan Popa / Magna has been chosen to be Opel's new owner and, under its umbrella, the German brand is expected to cut thousands of jobs at several plants around the world, including those in Germany. But t...
Geely, Magna Discussed Opel Stake Sale
17 Sep 2009, 10:56 UTC · By: Bogdan Popa / Geely, the Chinese carmaker who's apparently the only bidder for Volvo, recently held talks with Magna International over a potential sale of a stake in Opel. The news was revealed by a source ...
Opel Workers to Support Belgians
16 Sep 2009, 13:19 UTC · By: Bogdan Popa / Magna is already working on the future when it comes to Opel but it appears that things are getting more complicated every day. This time, German workers are threatening that some of them could go t...
Russia Getting Opel Funds Concerns Rise
14 Sep 2009, 11:01 UTC · By: Bogdan Popa / General Motors last week announced that it will sell a 55 percent of Opel to Magna International and the Canadian - Austrian can already start planning the future. The first major step is receiving ...
Magna Plants to Cut 10,500 Opel Jobs
14 Sep 2009, 09:44 UTC · By: Bogdan Popa / The European Union will discuss the Magna - Opel deal today, so a final verdict is yet to be released, but speculation on the future plans of the Canadian - Austrian partsmaker has already started s...
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 ...
Volkswagen Announces Major Chinese Expansion
12 Sep 2009, 15:03 UTC · By: Bogdan Popa / China is undoubtedly a key market for several carmakers out there and Volkswagen makes no exception to this rule. The German brand has just announced that it will invest no less than 4 billion euros...
Opel Won't Work Under Magna, Analysts Think
11 Sep 2009, 08:30 UTC · By: Bogdan Popa / It was only a matter of time until General Motors finally confirmed the sale of its German brand Opel to Canadian - Austrian partsmaker Magna International. But even if Magna and its Russian partner...
Magna Wants Opel Profitable by 2011
11 Sep 2009, 08:04 UTC · By: Bogdan Popa / Magna, the new and confirmed owner of Opel, plans to make its new brand profitable by 2011 and start paying dividens by 2015. Obviously, this sounds somewhat impossible, given the current economic s...
Confirmed: GM Will Sell Opel to Magna
10 Sep 2009, 14:35 UTC · By: Bogdan Popa / GM has just announced that it will sell a 55 percent stake in Opel to Magna and Sberbank, with employees working at the German manufacturer holding 10 percent of the new company. The American manufa...