Opel Accuse VW of Blackmailing Magna
16 Aug 2009, 09:37 UTC · By: Alexandru Radu Chis / As the race for taking over Opel from current majority share owner General Motors Co. draws to a close finish between the Canadian auto parts supplier Magna International Inc. and Belgian finance gr...
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 Wants to Get Rid of Opel as Quickly as Possible
12 Aug 2009, 10:25 UTC · By: Bogdan Popa / Even if negotiations between the interested Opel bidders and General Motors seem to go on forever, the American manufacturer wants to get rid of the German brand as soon as possible. GM Chief Financ...
Angela Merkel Will Help Magna Snatch Opel
12 Aug 2009, 09:04 UTC · By: Bogdan Popa / German Chancellor Angela Merkel is once again showing her support for Magna International, the Canadian - Austrian partsmaker which competes with RHJ for the majority stake in Opel. Furthermore, Mer...
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...
"Little Progress" Made in Opel Talks
7 Aug 2009, 09:28 UTC · By: Bogdan Popa / Negotiations between Germany and Opel on one side and the two interested bidders, RHJ and Magna, on the other continue but only "little progress" was made these days, John Smith, GM Group ...
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...
Magna Works Overtime to Meet CARS Demand
5 Aug 2009, 10:47 UTC · By: Daniel Patrascu / The success of the recently introduced Car Allowance Rebate System (CARS) has made carmakers work frenetically to meet the increasing demand from customers. As cars can't be built without parts...
Opel Sold by Weekend, Germany Promises
5 Aug 2009, 08:26 UTC · By: Bogdan Popa / Opel's future is still undecided, despite that officials of both RHJ and Magna International met with General Motors and German representatives. And even some voices are hinting that reaching a...
GM Unsure Who's Better for Opel
4 Aug 2009, 14:15 UTC · By: Bogdan Popa / Opel's search for a new father will last longer than expected and we got this from the gazillion reports on the matter we rolled out every once in a while. Such an example is today's news ...
Magna Could Fire Over 3,000 Opel Workers
3 Aug 2009, 13:46 UTC · By: Bogdan Popa / In case it manages to convince both the German government and GM Europe that it deserves to be the new Opel owner, Magna International could fire over 3,045 jobs in Germany. German magazine Wirtscha...
Opel Suitors Asked to Improve Bids
3 Aug 2009, 09:56 UTC · By: Bogdan Popa / It happens again and it will most likely happen in the future as well. Opel's suitors, now counting only two of them, are asked one more time to improve their bids in case they really want to b...
Opel, RHJ or Bankruptcy
3 Aug 2009, 06:54 UTC · By: Daniel Patrascu / The battle for Opel is far from over and, up until now, the only foreseeable casualty is the German car manufacturer itself. The disagreements between the German government and still Opel's own...
GM Won't Buy Opel Back
31 Jul 2009, 10:59 UTC · By: Bogdan Popa / After RHJ International this week admitted it would sell Opel back to GM after it completes restructuring, John Smith GM group vice president and GM’s chief negotiator for the sale of Opel sai...
GM: RHJ Favorite for Opel
29 Jul 2009, 07:57 UTC · By: Daniel Patrascu / As the official announcement regarding the future owner of Opel draws ever closer, the battle between General Motors and German officials heats up, as it is now obvious the two sides favor different...