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...
Saab Confirms It's Down to Two Bidders
3 Jun 2009, 12:36 UTC · By: Daniel Patrascu / Having got itself rid of two thorns in its behind, namely Opel and Hummer, American manufacturer GM has yet to come to a conclusion regarding its other unwanted asset, Swedish manufacturer Saab. The...
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...
Magna's Plans for Opel Detailed
1 Jun 2009, 09:32 UTC · By: Bogdan Popa / Now that the German government has sealed a deal with Magna International, we're extremely curious to find out how the Opel future will look like, especially given the so many reports hinting t...
Italy Under Fire for Not Helping Fiat Take Opel
1 Jun 2009, 08:23 UTC · By: Bogdan Popa / After the German government decided on Saturday to go with Magna's offer for Opel, Italian authorities responsible for helping Fiat take over the German brand came under fire for not doing enou...
Fiat Eyeing PSA Merger
1 Jun 2009, 07:48 UTC · By: Bogdan Popa / With reports already hinting that Magna International and its Russian allies will become the new Opel owner, the Italian automaker Fiat is now looking for other companies to merge with. One possible...
Obama Backed Magna, Germans Celebrate
30 May 2009, 17:40 UTC · By: Daniel Patrascu / As we already told you earlier today, the German government and the American manufacturer GM came to an understanding regarding the future owner of Opel. Now, thanks to German chancellor Angela Merk...
Magna Takes Opel
30 May 2009, 10:20 UTC · By: Daniel Patrascu / The month long battle between Italian manufacturer Fiat and Austrian Canadian company Magna is finally over, as the German government decided which of the two is the better suitor. Following a six h...
Fiat Backs Down on Opel Deal
29 May 2009, 09:35 UTC · By: Daniel Patrascu / It is unclear yet whether this is just a mean for Fiat to twist the German government's arm or a real sign that Fiat will give up on Opel out of frustration at rival bidder Magna, but the Itali...
Saab Battle Down to U.S. Billionaire Ira Rennert, Koenigsegg
29 May 2009, 07:32 UTC · By: Bogdan Popa / Although everybody is nowadays keeping an eye on the Opel soap-opera, a similar story takes place in Sweden were three companies are fighting to take over Saab. According to a report by Reuters, the...
China's BAIC Still in the Race for Opel
28 May 2009, 14:16 UTC · By: Bogdan Popa / Once again Chinese automakers make the headlines but this time not following a shameless clone that perfectly resembles the appearance of an European car. Fortunately, Chinese manufacturers are agai...
Opel Corsa Color Edition Debuts in Germany
28 May 2009, 08:36 UTC · By: Bogdan Popa / While the parent company is waiting for an official decision whether it stays alive with the help of an outside investor or by stepping under bankruptcy protection, engineers working at Opel have ro...