EU's Concerns Led to GM Keeping Opel
11 Nov 2009, 11:19 UTC · By: Bogdan Popa / General Motors decided to keep Opel and angered German officials who negotiated for months a potential sale to Magna International and its Russian partner Sberbank. In its defense, board chairman Ed...
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 ...
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. ...
Workers Don't Agree with GM Controlled Opel
3 Sep 2009, 15:06 UTC · By: Bogdan Popa / Even if General Motors plans to keep Opel and restructure the brand on its own, the former bankrupt US automaker might encounter more difficulties, other than the money needed to keep the company al...
GM Expects 1Bn Euros for Opel from Spain, UK and Poland
3 Sep 2009, 10:13 UTC · By: Bogdan Popa / Even if it's still reticent over the future of Opel, General Motors is seeking for a 1 billion euros funding package from the governments of Spain, the UK and Poland. Furthermore, in case it wo...
GM Board to Meet on Opel's Future Today
2 Sep 2009, 07:37 UTC · By: Bogdan Popa / Members of GM's board will meet once again today, with the future of the German unit Opel the main entry on the agenda. However, a decision on who's the one to control Opel is now expected...
RHJ Improves Bid for Opel
2 Sep 2009, 07:16 UTC · By: Bogdan Popa / The Belgium investor RHJ International recently improved the bid for Opel, source familiar with the matter revealed, raising the sum it is ready to offer for a 50.1 percent stake in the German manuf...
EU Warns Germany Over Opel State Aid
1 Sep 2009, 12:15 UTC · By: Bogdan Popa / Germany has a soft spot for Magna International and we all know it. Especially if we take into consideration Chancellor Angela Merkel's statements who repeatedly said she's ready to person...
GM Doesn't Want Russians to Control Opel
31 Aug 2009, 09:55 UTC · By: Bogdan Popa / Two weeks ago, General Motors delayed a decision on choosing an Opel bidder but hasn't provided more details on the matter. Well, it appears that the American manufacturer actually has a very g...
GM Still Talking with Magna, RHJ
28 Aug 2009, 13:57 UTC · By: Bogdan Popa / Even if the German government is pressuring General Motors to make a decision on Opel, it appears the American manufacturer is still discussing with Magna and RHJ, but the topics of the talks are st...
Germany: GM Keeping Opel Is Hardly Realistic
28 Aug 2009, 08:44 UTC · By: Bogdan Popa / According to the latest development of negotiations, the battle for Opel is now down to three companies: Magna, RHJ and General Motors, the current owner of the German brand who's willing to ke...
Germany Insists Obama Should Help Decide Opel Owner
27 Aug 2009, 09:29 UTC · By: Bogdan Popa / Negotiations on the new owner for Opel continue, but Germany is still putting pressure on US officials who are insistently asked to step in and help General Motors pick the preferred bidder. General...
Peter Harbig to Head Honsel
26 Aug 2009, 13:10 UTC · By: Daniel Patrascu / Peter Harbig, the former CEO of the one biggest independent automotive manufacturers in Germany, Karmann, will become the new head of automotive industry supplier Honsel, owned by Belgian holding RH...
Germany Could Accept RHJ as Opel Buyer
26 Aug 2009, 12:33 UTC · By: Bogdan Popa / While General Motors says it is considering keeping Opel and cancel a potential sale to Magna or RHJ, the German government is willing to accept the offer submitted by the Belgium consortium RHJ. It...