Magna Still in Play to Secure Opel...
9 Jul 2009, 14:48 UTC · By: Bogdan Popa / ... at least this is what Magna's co-CEO Siegfried Wolf said in an interview, claiming that all reports saying that Magna might lose Opel are false. Basically, the Canadian - Austrian manufactu...
Opel Unions Fret Over BAIC Talk
8 Jul 2009, 10:55 UTC · By: Daniel Patrascu / BAIC offer made to GM has sent shock waves not only within Magna, but through Opel's unions as well. According to Opel union leaders, BAIC is most likely not interested in securing a long term ...
BAIC's Plan for Opel
8 Jul 2009, 09:06 UTC · By: Daniel Patrascu / As things begin to hit up for Magna, with the Chinese from BAIC breathing down their necks, more and more details about what the Chinese are planning to do with Opel start to surface. We are coverin...
BAIC Would Build Opel Plant in China, Close Belgium Factory
7 Jul 2009, 12:56 UTC · By: Bogdan Popa / Even though Beijing Automotive Industry Corp. (BAIC) submitted a takeover proposal to Opel only a few days ago, the first rumors talking about the company's plans over the German brand are alre...
Magna Delays Opel Takeover Meeting to July 14
7 Jul 2009, 08:52 UTC · By: Bogdan Popa / One step forward and two steps back. This seems to be Magna's favorite motto these days as the company initially wanted to assure everybody that it is still favorite to take over Opel but is no...
BAIC Enters Bid for Opel
6 Jul 2009, 07:03 UTC · By: Daniel Patrascu / Putting an end to recent talk of their possible bid for Opel, Chinese manufacturer BAIC has made a take-over offer for German brand Opel. According to a German newspaper, quoted by Autonews, the Chi...
Britain Ready to Help Opel/Vauxhall Takeover
3 Jul 2009, 14:05 UTC · By: Bogdan Popa / As the negotiations between Magna International and Opel came to a dead end, the United Kingdom government stepped in front of the media and announced its support for the German brand and its sister...
Magna to Get Past Opel Problems by July 7
3 Jul 2009, 14:03 UTC · By: Bogdan Popa / As we told you a few days ago, negotiations between Magna International and Opel reached a dead end as some issues between the two are blocking the Canadian - Austrian parts manufacturer from comple...
GAZ Fires 5,800, Prepares Opel Production
2 Jul 2009, 14:58 UTC · By: Bogdan Popa / Russian automaker GAZ Group, one of the companies involved in the over-debated Opel selling process, announced its decision to cut its workforce by 5,800 employees in a move supposed to help the com...
BAIC Prepares Bid for Opel
2 Jul 2009, 09:29 UTC · By: Bogdan Popa / Chinese manufacturer BAIC seems to be really enthusiastic with its plans to take over the German ailing unit Opel and is now finalizing a takeover proposal expected to be submitted to General Motors...
RHJ Close to Snatching Opel
30 Jun 2009, 14:47 UTC · By: Bogdan Popa / And the saga continues. This time, the main character is RHJ International which is reportedly close to snatching the German brand Opel. As you probably known from the millions of reports on the mat...
Opel to Keep 300M Euros as Backup Funds
30 Jun 2009, 11:58 UTC · By: Bogdan Popa / With some voices hinting that Magna might fail to takeover Opel, the German brand is still relying on the 1.5 billion loan it received from the local government. And given the current rumors that th...
Opel: Magna to Close Deal by Mid-September
29 Jun 2009, 13:35 UTC · By: Bogdan Popa / The Magna - Opel takeover is surely one of the most complicated deals in the auto sector, with all kinds of reports hinting either that the Canadian parts manufacturer might lose the German brand or...
GM to Idle Russian Plant
29 Jun 2009, 13:19 UTC · By: Daniel Patrascu / The stalemate in which the deal between GM and Magna seems to have got into is forcing the bankrupt American manufacturer to idle its Russian operations for at least two months. Of course, GM cites ...
Magna in Trouble, Opel Bound for BAIC, RHJ
29 Jun 2009, 08:23 UTC · By: Bogdan Popa / Even if Magna International continues its efforts to secure the Opel deal by mid-September, General Motors has signed non-binding agreements with China's Beijing Automotive and Belgium's R...
Fiat Won't Improve Opel Bid
29 Jun 2009, 06:47 UTC · By: Bogdan Popa / Fiat is now trying a different approach strategy when it comes to buying Opel. After struggling to convince the German government that Opel would have a bright feature under their umbrella, the Ital...
Opel Could Axe New Car Prices by 40 Percent
22 Jun 2009, 08:32 UTC · By: Bogdan Popa / GM Europe's German unit might turn to a surprising measure to cope with the recession, boost sales and thus, protect jobs: it might cut prices by as much as 40 percent, a report by Bloomberg.co...
AvtoVAZ Not Interested in Opel, Magna
19 Jun 2009, 14:59 UTC · By: Bogdan Popa / Russian automaker AvtoVAZ has no interest in joining forces with Opel or Magna International, the company's president said in a statement for Reuters. "No one has made us any such offer...
Labor Leader Hopes Opel to Become Attractive for Rivals
19 Jun 2009, 10:03 UTC · By: Bogdan Popa / Opel labor leader Klaus Franz is hinting that a potential deal with Magna International could turn the German unit into a more attractive target for rivals who are seeking partnerships in the auto s...
BAIC Granted Access to Opel's Accounts
19 Jun 2009, 06:30 UTC · By: Bogdan Popa / Just when everybody thought that the deal is finally over and Magna has managed to take over the German unit Opel, officials close to the matter stepped in and said the American parent company is al...