Opel Workers to Support Belgians
16 Sep 2009, 13:19 UTC · By: Bogdan Popa / Magna is already working on the future when it comes to Opel but it appears that things are getting more complicated every day. This time, German workers are threatening that some of them could go t...
Frankfurt Auto Show: Ford Focus BEV Prototype
15 Sep 2009, 12:12 UTC · By: Daniel Patrascu / Ford Europe is presenting at the 2009 Frankfurt Auto Show it's own interpretation of an electric vehicle, in the form of the Battery Electric Vehicle (BEV) prototype. The BEV is aimed to take ...
UK Asks for EU Decision on Opel Sale
14 Sep 2009, 13:32 UTC · By: Bogdan Popa / Things are getting more complicated for Magna every hour as several countries hosting Opel factories are asking for EU's investigation over the deal. British Business Secretary Peter Mandelson ...
Magna Plants to Cut 10,500 Opel Jobs
14 Sep 2009, 09:44 UTC · By: Bogdan Popa / The European Union will discuss the Magna - Opel deal today, so a final verdict is yet to be released, but speculation on the future plans of the Canadian - Austrian partsmaker has already started s...
Ford Agrees with Magna - Opel Deal
14 Sep 2009, 08:27 UTC · By: Bogdan Popa / Carmakers selling cars around the world and doing business with Magna have already raised concerns that a possible acquisition of Opel would lead to a conflict of interests. Volkswagen was even fier...
Belgium Could Block the Opel - Magna Sale
14 Sep 2009, 07:04 UTC · By: Bogdan Popa / Even if General Motors last week announced that it plans to sell 55 percent of Opel to Magna and cease another 10 percent to the company's employees, the Canadian - Austrian partsmaker and its ...
Putin Satisfied with GM's Opel Sale
11 Sep 2009, 14:04 UTC · By: Bogdan Popa / Russia's Prime Minister Vladimir Putin said today that General Motors did the right thing to sell Opel to Magna and Sberbank and revealed that the two allies are currently involved in deep talk...
Magna Won't Mix Opel and Supplying Business
11 Sep 2009, 10:12 UTC · By: Bogdan Popa / Magna yesterday received GM's final approval to purchase the German brand Opel so the Canadian - Austrian partsmaker already started thinking at the future. Only that other carmakers that were ...
Opel Won't Work Under Magna, Analysts Think
11 Sep 2009, 08:30 UTC · By: Bogdan Popa / It was only a matter of time until General Motors finally confirmed the sale of its German brand Opel to Canadian - Austrian partsmaker Magna International. But even if Magna and its Russian partner...
Sberbank Says Opel Sale Still Undecided
11 Sep 2009, 08:10 UTC · By: Bogdan Popa / Even if General Motors officially announced that it intends to sell 55 percent to Magna and Sberbank, the state-owned Russian bank doesn't think this is a final decision and warns that there ar...
Magna Wants Opel Profitable by 2011
11 Sep 2009, 08:04 UTC · By: Bogdan Popa / Magna, the new and confirmed owner of Opel, plans to make its new brand profitable by 2011 and start paying dividens by 2015. Obviously, this sounds somewhat impossible, given the current economic s...
GM Europe President: Magna the Best for Opel!
11 Sep 2009, 06:30 UTC · By: Bogdan Popa / Following the official announcement that General Motors will sell 55 percent of Opel to Magna and Sberbank, GM Europe President and Chairman of the Adam Opel GmbH Supervisory Board Carl-Peter Forste...
Confirmed: GM Will Sell Opel to Magna
10 Sep 2009, 14:35 UTC · By: Bogdan Popa / GM has just announced that it will sell a 55 percent stake in Opel to Magna and Sberbank, with employees working at the German manufacturer holding 10 percent of the new company. The American manufa...
GM to Keep Opel
10 Sep 2009, 13:02 UTC · By: Bogdan Popa / Even if GM is yet to make an official announcement regarding Opel, several media reports are already hinting that the American manufacturer wants to keep the German brand and save it by itself. We a...
Germany Yet to Decide on General Motors Funds
10 Sep 2009, 09:41 UTC · By: Bogdan Popa / In case General Motors finally decides to keep Opel and save the company by itself, Germany would have to support the company by providing a financial loan package, obviously supposed to preserve jo...
Germany Piles Up the Pressure on General Motors
9 Sep 2009, 10:27 UTC · By: Bogdan Popa / Germany is still awaiting General Motors' final word on Opel but with reports claiming a decision on the brand won't come sooner than October, officials in the country are getting worried....
GM Would Need $6.1 Billion to Keep Opel
9 Sep 2009, 09:34 UTC · By: Bogdan Popa / In case General Motors wants to retain Opel, the former US bankrupt automaker would need around $6.1 billion to restructure the German unit, a report issued by financial advisory firm KPMG sent to t...
GM to Delay Opel Decision Until October?
8 Sep 2009, 15:28 UTC · By: Bogdan Popa / General Motors plans to delay the Opel decision until October, a German newspaper reported today citing sources close to the matter. This means that the new Opel owner will be announced after the Ge...
Opel Decision Announced Today?
8 Sep 2009, 07:48 UTC · By: Bogdan Popa / Even if General Motors hasn't announced a deadline for making a decision on the future of Opel, German Economy Minister Karl-Theodor zu Guttenberg said yesterday that the American manufacturer ...
GAZ Denies Opel Stake Interest
7 Sep 2009, 08:45 UTC · By: Daniel Patrascu / Russian carmaker GAZ and its owner, Oleg Deripaska, denied having any interest in acquiring a stake in German manufacturer Opel, despite the fact GAZ is Magna's partner in their bid for Opel. ...