Germany Could Accept RHJ as Opel Buyer
26 Aug 2009, 12:33 UTC · By: Bogdan Popa / While General Motors says it is considering keeping Opel and cancel a potential sale to Magna or RHJ, the German government is willing to accept the offer submitted by the Belgium consortium RHJ. It...
German Scrapping Scheme Coming to an End
25 Aug 2009, 09:42 UTC · By: Daniel Patrascu / German authorities yesterday announced there will be no extension to the country's scrappage scheme past the funding currently allocated. Additionally, no alternative scheme is being planned, g...
Obama Stays Out of GM's Opel Decision
25 Aug 2009, 08:14 UTC · By: Bogdan Popa / Even if German Chancellor Angela Merkel said she would personally intervene to support Magna in the negotiations with General Motors, US President Barack Obama says he won't get involved in the...
GM Considers Keeping Opel
24 Aug 2009, 12:54 UTC · By: Daniel Patrascu / The lack of a decision about the future of GM's European asset Opel has caused a flood of angry statements coming from Germany, as well as speculation that in fact the American manufacturer is ...
Opel Union to Take "Spectacular Measures" Agains GM
24 Aug 2009, 09:57 UTC · By: Daniel Patrascu / The delay of Opel's sale late last week has stirred tons of angry remarks from German politicians, but this time an Opel labor leader, Klaus Franz, warned GM to take a decision this week, or el...
GM Delays Opel Sale, Angries Germany
23 Aug 2009, 09:26 UTC · By: Daniel Patrascu / Fed up with all the delaying GM chooses to do over the sale of its European unit Opel, German officials lashed out at the American manufacturer and US government alike yesterday. The most fierce com...
Germany to Give More Money if GM Accepts Magna
20 Aug 2009, 08:08 UTC · By: Bogdan Popa / RHJ International is slowly losing ground in the race for Opel as German officials are putting pressure on GM's shoulders and ask the former bankrupt automaker to accept the offer submitted by ...
Germany Wants 1 Million EVs by 2020
20 Aug 2009, 06:38 UTC · By: Daniel Patrascu / Joining the ambitious plan set in motion by the US government to put 1 million electric vehicles on the roads by 2015, Germany announced a similar endeavor, setting its sights on reaching the same n...
Germany Says Opel Will Be Sold This Week
19 Aug 2009, 15:09 UTC · By: Bogdan Popa / Even if some officials close to the matter hinted that there's no chance to see Opel finding a new investor sooner than the September elections, German economics minister Karl-Theodor zu Gutten...
Vauxhall Unions Oppose Magna's Bid
17 Aug 2009, 10:10 UTC · By: Bogdan Popa / A new day, a new chapter in Opel's months-long story. Unfortunately, for the Canadian - Austrian parts manufacturer, things are getting worse as the British labor union Unite is opposing Magna&...
GM Plays Down Quick Decision on Opel
17 Aug 2009, 08:15 UTC · By: Bogdan Popa / Opel's selling negotiations continue these days and, as far as GM and Germany are concerned, they will continue for a long time from now on. Both the Opel owner and the German state denied rumo...
Magna Says Opel Issues Solved
14 Aug 2009, 13:25 UTC · By: Bogdan Popa / Magna International, the Canadian - Austrian parts manufacturer who's still in the race for securing the Opel deal, says it has resolved all the issues General Motors spotted in the takeover pr...
GM Confirms New Magna Bid for Opel
14 Aug 2009, 11:01 UTC · By: Bogdan Popa / And here we go again... Just as we told you yesterday, Magna submitted a new takeover proposal for Opel that probably contains a couple of revisions to solve the issues Opel's officials told us...
GM Makes Progress in Opel Negotiations
13 Aug 2009, 14:51 UTC · By: Bogdan Popa / Negotiations continue between General Motors and Germany on one side and Magna and RHJ International on the other and the American manufacturer says they're making a significant progress. Howev...
Opel Owner Decided After German Elections?
13 Aug 2009, 07:48 UTC · By: Bogdan Popa / Things remain uncertain for Opel, even if the battle for the majority package is now down to two bidders. With talks slowed down by a number of issues spotted in the takeover proposal, people are wo...
GM, RHJ Negotiated Opel Takeover Contract
10 Aug 2009, 10:40 UTC · By: Bogdan Popa / While negotiations over the future owner for Opel continue between the four parts involved (General Motors, Germany, RHJ and Magna International), the CEO of the Belgium investor says his company ha...
RHJ Might Revise Opel Takeover Bid
10 Aug 2009, 09:12 UTC · By: Bogdan Popa / The Opel selling saga is far from being over as the two suitors, Magna and RHJ, are challenging one another with new bids every once in a while. This time, the Belgian investor is looking to improve...
German Scrappage Fraud Investigation on the Way
6 Aug 2009, 09:24 UTC · By: Daniel Patrascu / The German federal criminal office, BKA, has begun a fraud investigation based on the suspicion that thousands of traded-in vehicles have been smuggled abroad instead of being junked, Autonews repor...
Ford Will Continue Magna Partnership Even if It Buys Opel
6 Aug 2009, 08:01 UTC · By: Bogdan Popa / In spite of voices saying that in case it manages to buy Opel, Magna's relations with other automakers would be affected, American manufacturer Ford says it will stick with the Canadian - Austr...
GM and Magna Move Closer Together
5 Aug 2009, 12:51 UTC · By: Daniel Patrascu / With a final decision on the future of German manufacturer Opel looming, reports started coming in saying American manufacturer GM and Magna have already began narrowing the gap between their points...