Magna to Get Opel Final Signing by July 15
18 Jun 2009, 10:58 UTC · By: Bogdan Popa / Negotiations between General Motors and Magna International regarding the Opel takeover continue despite some reports claiming that Germany is still talking with other interested parties. Additional...
Magna Says It Won't Mix Parts and Cars Businesses
17 Jun 2009, 14:01 UTC · By: Bogdan Popa / Magna International, the new Opel owner as some reports are indicating - in spite of official statements that the German government is still taking with other investors - says it does not intend to ...
GM CEO Confirms: Opel Still Available
15 Jun 2009, 09:01 UTC · By: Bogdan Popa / Things are getting worse for Magna International, the Canadian - Austrian parts manufacturer who proudly announced it has sealed a deal with Germany and GM Europe to take over Opel. According to num...
Opel to Build Cars for Other Automakers on GM Platforms
15 Jun 2009, 07:47 UTC · By: Bogdan Popa / Just as we told you some time ago, Magna International, who is now favorite to take over the German unit Opel, plans to use GM Europe's brand to build cars for other automakers. And Magna'...
Magna to Inspect Vauxhall
12 Jun 2009, 10:08 UTC · By: Daniel Patrascu / In light of their future ownership of Opel, Magna has named a team to go to the UK and inspect Vauxhall's operations and determine whether the company is viable or not. The visit will begin on ...
Fiat Smiles Again, Germany Says Opel's Selling Reopened
12 Jun 2009, 08:20 UTC · By: Bogdan Popa / Things are getting better for Fiat after the company a few days ago finalized the strategic alliance with Chrysler and Sergio Marchionne has been appointed CEO of the new Chrysler. It might seem lik...
Fiat Stood No Chance in Opel Deal
9 Jun 2009, 13:53 UTC · By: Daniel Patrascu / Now this is a "rub it in their face" kind of a statement. Following the first major defeat of Italian manufacturer Fiat in its "take-it-all-leave-nothing-standing" approach, Rola...
Magna, Sberbank Give Opel 500 Million Euro to Save Jobs
9 Jun 2009, 10:34 UTC · By: Bogdan Popa / After receiving the first 300 million euros from the German government last week, Opel is about to receive a new funding package, this time sourced from Magna International and Russia's Sberban...
Russia's Plans for Opel
8 Jun 2009, 12:29 UTC · By: Daniel Patrascu / As most of you know by now, the deal between Magna and Opel is not as straight forward as it may first appear. The Russians, perhaps even more than Magna thanks to the 35 percent stake they hold thr...
Marchionne Still Dreaming about Opel
5 Jun 2009, 15:00 UTC · By: Bogdan Popa / Just as we said today, Fiat is still interested in purchasing Opel, despite that Magna International has already sealed a deal with the German government and GM Europe. Well, the news was confirmed ...
Volkswagen Upset with Magna - Opel Deal
5 Jun 2009, 10:24 UTC · By: Bogdan Popa / It was only a matter of time until such a thing would happen: automakers started raising concerns over the Magna - Opel deal, claiming that the German automaker might be favored by its new owner - w...
Fiat to Submit a New Takeover Proposal for Opel
5 Jun 2009, 07:51 UTC · By: Bogdan Popa / Following reports that the German government might continue negotiations with some other parties over the Opel acquisition - despite that Magna has already sealed the deal - it might seem like Fiat ...
Magna Takes GM's Russian Plants
5 Jun 2009, 07:27 UTC · By: Daniel Patrascu / Following the success in the Opel deal, Canadian company Magna and its Russian bank Sberbank partner will also take over the facilities operated by GM in Russia. The plants will be handed by GM over...
Fiat Still in the Race for Opel?
4 Jun 2009, 13:32 UTC · By: Bogdan Popa / The recently-announced deal between Magna International on one side and the German government and GM Europe on the other over the fate of Opel means nothing for Fiat as the Italian manufacturer is s...
Magna to Refresh Opel's Product Range
4 Jun 2009, 10:51 UTC · By: Bogdan Popa / After it managed to beat Fiat and get Germany's approval to takeover Opel, Magna International is already outlining plans for the new company. Although some media reports are claiming Opel will...
Opel in Canadian Hands by September
4 Jun 2009, 09:38 UTC · By: Bogdan Popa / Now that the German government has agreed to seal the deal with Magna International, everybody's wondering when will the first signs of Canadian touch will be spotted on Opel's models. Wel...
GM Does Not Allow Magna to Sell Cars in the US, China
3 Jun 2009, 12:53 UTC · By: Bogdan Popa / Although Magna International yesterday announced that it intends to produce and sell cars in Canada - in order to support its North American expansion - it might seem the Canadian - Austrian manufac...
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's New Goal: Build Opels in Canada
1 Jun 2009, 10:41 UTC · By: Bogdan Popa / Magna, the new Opel owner, has very optimistic plans when it comes to the German ailing brand and, in addition to the scheme we have already told you about, the Canadian-Austrian manufacturer also a...
Magna - Opel Deal Could Crush Saab's Revival Hopes
1 Jun 2009, 09:39 UTC · By: Bogdan Popa / Although most people involved in the automotive industry - excepting Fiat of course - think the Magna - Opel alliance is a good thing, the guys over at Saab are afraid that the deal could affect the...