Opel Gets First €300 Million in Government Loans
2 Jun 2009, 12:09 UTC · By: Bogdan Popa / Things are getting better for the German ailing manufacturer Opel as the company has just received the first 300 million euro loan from the 1.5 billion bridge financing agreement with the German gov...
Magna Takes Opel
30 May 2009, 10:20 UTC · By: Daniel Patrascu / The month long battle between Italian manufacturer Fiat and Austrian Canadian company Magna is finally over, as the German government decided which of the two is the better suitor. Following a six h...
Volkswagen California Black Edition Launched in Germany
29 May 2009, 12:32 UTC · By: Bogdan Popa / The German manufacturer Volkswagen is kind of busy these days, leaving the talks with Porsche aside and referring straight to product launches. No matter if we're talking about special or limit...
Volkswagen Eos White Night Released
28 May 2009, 14:47 UTC · By: Bogdan Popa / The Volkswagen Eos range is getting a bit more appealing with the a new model debuted by the parent company today. Codenamed Eos White Night, this special model is basically a contrast of black whit...
China's BAIC Still in the Race for Opel
28 May 2009, 14:16 UTC · By: Bogdan Popa / Once again Chinese automakers make the headlines but this time not following a shameless clone that perfectly resembles the appearance of an European car. Fortunately, Chinese manufacturers are agai...
Fiat Submits Revised Proposal to Opel
26 May 2009, 12:47 UTC · By: Bogdan Popa / Fiat and more specifically, the company's CEO Sergio Marchionne, insists every once in a while that the Italian manufacturer is the right choice when it comes to Opel's new investor and po...
Bankruptcy Still an Option for Opel, German Official Reveals
25 May 2009, 08:07 UTC · By: Bogdan Popa / Even if Fiat and Magna International are now fighting to take over the German ailing brand Opel, bankruptcy might still remain an option unless the two companies improve their bids, said Economy Min...
Porsche Denies It Has Requested Government Funds
22 May 2009, 12:39 UTC · By: Bogdan Popa / German sports car manufacturer Porsche says it hasn't applied for government funds in the home country, despite a report claiming an application was already rejected by the officials. The news ...
2010 Polo Is Already a Hit, VW Gets 13,000 Orders
12 May 2009, 09:26 UTC · By: Bogdan Popa / The economic recession encouraged new car buyers to migrate towards small cars and the new Volkswagen Polo is the living proof of this. According to data provided by the German manufacturer, it has ...
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...
The Emir of Qatar Eyes Porsche Stake
27 Apr 2009, 15:02 UTC · By: Bogdan Popa / After several media reports hinted that certain parties based in Qatar might be interested in investing in the German auto industry, an article published by German magazine Focus claims the Emir of ...
China Ahead of Germany and US in 2008 Car Production
23 Apr 2009, 09:30 UTC · By: Tudor Raiciu / We wouldn't want to point any fingers, ok... maybe just one, but you know we are living in some murky times right now when you look at production figures in the car industry. Chinese commun...
Merkel Visits Opel, Govts Could Buy 29 Percent of the Company
31 Mar 2009, 13:47 UTC · By: Bogdan Popa / The German soap-opera Opel is currently involved in continued today with a new episode starring Federal Chancellor Angela Merkel and a couple of other officials who visited the Insignia production s...
German Vouchers Bring Opel the Best Result in 10 Years
27 Mar 2009, 14:23 UTC · By: Bogdan Popa / The automotive market is so unstable that companies that were close to bankruptcy become over night leaders in their segments with thousands of models sold in a very short period. Opel, the German m...
Germany Still Not Planning to Take a Stake in Opel
23 Mar 2009, 12:13 UTC · By: Bogdan Popa / Even if Opel every once in a while warns that the brand may bite the dust unless it gets financial support, Germany is still not willing to buy a stake into the company, Chancellor Angela Merkel sai...
GM Europe Hires Berger to Help Save Opel
19 Mar 2009, 09:31 UTC · By: Bogdan Popa / The European unit of General Motors hired consultancy Roland Berger to help parent company establish a better survival plant for Opel. More specifically, Roland Berger will assist General Motors in ...
German Officials to Meet US Reps to Save Opel
16 Mar 2009, 15:08 UTC · By: Bogdan Popa / Germany's economy minister Karl-Theodor zu Guttenberg will meet with representatives of the United States to discuss the possibilities to help General Motors' brand Opel. According to The ...
Opel's Fate Depends on Detroit 3
11 Mar 2009, 09:32 UTC · By: Bogdan Popa / Speaking about Opel's future and about the chances to help the German brand cope with the economic recession, German Chancellor Angela Merkel insisted state aid will only be approved after the ...
Merkel: Opel Is Not Vital to the Economy
9 Mar 2009, 19:05 UTC · By: Daniel Patrascu / German chancellor Angela Merkel requires a better survival plan to be forwarded by Opel, but warns that even if it does so and the plan is approved, it is unlikely the aid will come in the form of c...