Sberbank Confident Magna Will Buy Opel This Week
29 Jul 2009, 07:18 UTC · By: Bogdan Popa / Sberbank, Magna's Russian partner who supports the Canadian - Austrian parts manufacturer into buying Opel, says the German government is expected to issue a final decision on the matter by the...
Magna Improves Opel Bid. Again.
28 Jul 2009, 14:17 UTC · By: Bogdan Popa / Magna International once again improved its bid for Opel, a German government source revealed, despite the fact that the Canadian-Austrian manufacturer said that its previous proposal was actually a...
Magna Would Cut 1,200 Vauxhall Jobs in Britain
28 Jul 2009, 08:44 UTC · By: Bogdan Popa / And here we go again... A new day, a new story surrounding the future of Opel/Vauxhall. This time it's about Magna, the Canadian - Austrian parts manufacturer who's still in the battle for...
Opel Unions Want Veto Right
27 Jul 2009, 14:58 UTC · By: Daniel Patrascu / The uncertainty in which Opel has been thrown since GM decided Magna is no longer good enough for its European asset is making German unions ask for more influence when it comes to the choice of Ope...
BAIC Still Looking to Buy Opel
27 Jul 2009, 13:45 UTC · By: Bogdan Popa / BAIC is probably thinking that GM Europe is playing hard to get when it comes to Opel so the Chinese a few days ago re-confirmed their interest in the German brand, hinting that they agree to discus...
RHJ Admits It Could Sell Opel Back to GM
27 Jul 2009, 07:31 UTC · By: Bogdan Popa / RHJ International, one of the two bidders who're still in the race for Opel, admitted a few days ago that it could sell Opel back to General Motors after it completes the restructuring process....
BAIC Lost Opel Due to Intellectual Property Issues
24 Jul 2009, 10:40 UTC · By: Bogdan Popa / BAIC lost the battle for Opel, as General Motors indirectly revealed a few days ago, but nobody knew exactly why. The fight for the German brand is now down to two companies, RHJ International and M...
Magna, RHJ Still in Play for Opel, BAIC Out of the Deal
23 Jul 2009, 08:27 UTC · By: Bogdan Popa / After receiving three improved bids on Monday, General Motors has finally decided: it will continue negotiations with both Magna and RHJ International. The American manufacturer made the announcemen...
Magna's New Offer for Opel
22 Jul 2009, 08:10 UTC · By: Daniel Patrascu / As announced yesterday, Canadian manufacturer Magna and its partner, Russian bank Sberbank, have submitted their final bid for GM's Opel, in an attempt to acquire a 55 percent stake in the comp...
GM, Germany Still Undecided on Opel
21 Jul 2009, 10:29 UTC · By: Bogdan Popa / As you probably know if you're following the so-long Opel saga, General Motors and the German government will meet today to discuss on the future of the automaker. However, no decision will be ...
Magna to Use Former Chrysler HQ for New Plant
21 Jul 2009, 08:58 UTC · By: Bogdan Popa / Magna International, who's currently struggling to take over General Motors' Opel, is now turning its eyes to Chrysler. The Canadian - Austrian parts manufacturer is aiming to use the site...
GM Receives Three Offers for Opel
21 Jul 2009, 06:47 UTC · By: Daniel Patrascu / As we told you yesterday, all of the three bidders who race to get their hands on German brand Opel were expected to submit their offers to both GM and the German government last night. They did and...
Magna Makes Commitment to Keep Vauxhall Plants Alive
20 Jul 2009, 14:09 UTC · By: Bogdan Popa / Even if the company is now unsure whether it is still capable to secure Opel, Magna International continues the fight and has rolled out a public statement, assuring the UK government that Vauxhall&...
Magna Ready for Opel Ultimatum
20 Jul 2009, 09:52 UTC · By: Bogdan Popa / Things are going from bad to worse for Canadian parts manufacturer Magna who's now seeing itself forced to submit a new offer for Opel, following the course of negotiations between the GM and R...
GM-Berlin Standoff
20 Jul 2009, 06:49 UTC · By: Daniel Patrascu / As was to be expected, the minor disagreements over the future of Opel between GM and Germany tend to become a problem, as both sides favor different bidders. Whereas GM has a soft spot for Belgian ...
RHJ Offers 275 Million Euros for Opel
17 Jul 2009, 10:55 UTC · By: Daniel Patrascu / Making a final push for the acquisition of the German manufacturer Opel, Belgian financial investor RHJ offered 275 million euros for a 50.1 percent stake. Called "Project Beam", RHJ'...
Merkel Supports Magna
17 Jul 2009, 09:41 UTC · By: Daniel Patrascu / German Chancellor Angela Merkel once again expressed her support for Magna in its race to get control of German manufacturer Opel and even went as far as saying that a final deal will be reached ove...
Germany Denies RHJ Is Opel's Favorite
16 Jul 2009, 12:36 UTC · By: Daniel Patrascu / The twisted tale which engulfed GM's German based brand Opel grows in proportion, as reports confirmed by one or more parties involved are denied by the others. Even if RHJ International offici...
Russia Will Push for Opel Deal
15 Jul 2009, 14:38 UTC · By: Daniel Patrascu / Seeing their plans of getting control of Opel through the alliance between Sberbank and Magna, Russia and its president Dmitry Medvedev will step in and ask for a final deal between Opel and the all...
RHJ International Confirms Bid for Opel
13 Jul 2009, 08:28 UTC · By: Daniel Patrascu / The plot thickens...Magna's talks with GM over Opel seem to really get out of hand, as the Austrian-Canadian manufacturer now gets pressured from all sides. After Chinese manufacturer BAIC subm...