Opel Sends Viability Plan to Germany, Demands 3.3 EUROS in Support
27 Feb 2009, 16:18 UTC · By: Bogdan Popa / General Motors Europe and Opel submitted their viability plan to the German government, emphasizing the need for state support to finance a liquidity gap through the end of 2011. Curiously enough, G...
Dealers Willing to Buy a Stake in Opel
27 Feb 2009, 11:04 UTC · By: Bogdan Popa / As sales in both domestic and overseas markets decreased massively, Opel has already applied for state funds, saying that a 3.3 billion euro loan is absolutely necessary to finance a liquidity gap t...
Opel Reportedly Planning to Sell Corsa Production Facility
27 Feb 2009, 09:06 UTC · By: Bogdan Popa / As part of a broader attempt to save costs in the domestic market, Opel is apparently planning to sell its Eisenach plant that manufactures the Corsa small car. The German automaker contacted Merced...
Germany Asks Opel to Submit Viability Plan in Return for Funds
23 Feb 2009, 16:30 UTC · By: Bogdan Popa / Following Opel's call for support last week, German officials came out and explained that it's practically impossible to direct funds to a struggling automaker unless it submits a survival...
Saab and Opel Could Sink Without Aid
22 Feb 2009, 09:15 UTC · By: Daniel Patrascu / GM’s financial problems are, as expected, influencing all its assets, local and foreign alike. This is the case with the US based mother company, the European branch could also face collapse i...
Opel Says It Needs 2.6 Billion Euros in Govt. Funds
20 Feb 2009, 16:43 UTC · By: Bogdan Popa / As part of a broader campaign to finance a 3.3 billion euro ($4.15 billion) liquidity gap through 2011, Opel today said it needs approximately 2.6 billion euros from the German government. The rema...
GM: No Opel Plants to Be Closed for the Time Being
19 Feb 2009, 13:51 UTC · By: Bogdan Popa / American automaker General Motors does not plan to close German production facilities owned by Opel and expects to see most of its European operations returning to profitability by 2011. Juergen...
GM Europe to Cut Costs, Fire Thousands
17 Feb 2009, 08:08 UTC · By: Bogdan Popa / Following yesterday's announcement that the American automaker may close the doors of about 3 production facilities in the near future, General Motors today said the restructuring plan might co...
Opel to Showcase EcoFLEX Models at Geneva
13 Feb 2009, 15:31 UTC · By: Bogdan Popa / The upcoming Geneva Motor Show will host an impressive number of new models, with several companies, including Mitsubishi, Fiat, Nissan and Cadillac already confirming their goodies for the show. GM...
GM Executives Meet Merkel to Discuss about Opel
13 Feb 2009, 14:24 UTC · By: Madalina Iancu / Opel's future is still in doubt as GM has not yet decided what to do with the brand. Today's meeting, however, might make some light in the whole insecure situation. According to Autone...
GM to Give Opel, Chevrolet Europe and Saab More Autonomy
5 Feb 2009, 14:29 UTC · By: Bogdan Popa / As part of its restructuring campaign, General Motors aims to reorganize its marketing, sales and aftersales divisions belonging to the European brands it currently owns. Brent Dewar, GM Europe'...
GM to Produce New Buick in Germany
29 Jan 2009, 10:59 UTC · By: Bogdan Popa / General Motors won't produce new Saab cars in Germany but, in return, it will move the production of new Buick models at Opel's main plant in Ruesselsheim near Frankfurt. Opel will become ...
Opel Ampera Plug-in Hybrid Set for Geneva
27 Jan 2009, 10:32 UTC · By: Bogdan Popa / General Motors today announced that Opel Ampera, its so-called “revolutionary” extended-range electric car, will be displayed at the upcoming Geneva Motor Show that opens its doors on Ma...