GM May Ask Germany for Money
10 Nov 2009, 13:37 UTC · By: Daniel Patrascu / The over confident statements made by GM's CEO, Fritz Henderson, that the company he leads may be able to keep Opel running on its own, may turn out not to be true in the end. As the CEO is cur...
GM to Build Cars in Russia with Magna, GAZ
10 Nov 2009, 10:05 UTC · By: Bogdan Popa / Even if the Opel deal failed to get through, General Motors is still planning to bring Opel in Russia and who else can support such an expansion goal if not Magna and GAZ? The US-based manufacturer ...
Fritz Henderson Starts German Tour
9 Nov 2009, 15:21 UTC · By: Daniel Patrascu / American manufacturer's GM CEO, Fritz Henderson, will begin his "our way is better" convincing tour today, with the first trips planned for Germany. His mission? To seek out new life ...
Magna CEO: Opel in Need of Freedom
9 Nov 2009, 08:48 UTC · By: Bogdan Popa / Magna International's co-CEO Siegfried Wolf said during the past weekend that the Opel brand needs more freedom and General Motors should now concentrate on repairing the company's image. ...
Magna: Life Goes On, Without Opel
6 Nov 2009, 11:31 UTC · By: Bogdan Popa / Even if didn't manage to take over German brand Opel, Magna isn't looking to obtain compensation from General Motors, founder Frank Stronach said in a statement, emphasizing that the Canad...
Merkel Wants GM Opel Plan Fast
6 Nov 2009, 11:17 UTC · By: Daniel Patrascu / Taken a bit by surprise by the blunt announcement that "GM board decides to retain Opel," German chancellor Angela Merkel found herself with her hands tied. As it appears there's noth...
Magna No Longer Interested in Buying Automakers
6 Nov 2009, 10:51 UTC · By: Bogdan Popa / Magna International, the big loser of the Opel saga, says it is no more interested in buying automakers and only wants to focus on its core business for the years to come. Don Walker, co-CEO for the...
GM Has the Resources to Fund Opel Restructuring
6 Nov 2009, 09:42 UTC · By: Bogdan Popa / Even if it stepped under Chapter 11 protection earlier this year, General Motors has the resources to fund Opel's restructuring process, CEO Fritz Henderson said in a statement yesterday. Talki...
GM Accused of Blackmail and Intimidation in Opel Case
6 Nov 2009, 08:48 UTC · By: Bogdan Popa / Opel's workers yesterday protested against GM's decision to scrap a potential sale to Magna International, some of them claiming the German brand has no chance to survive under the US-base...
German Opel Workers Feel Betrayed, Announce GM Protests
5 Nov 2009, 09:44 UTC · By: Bogdan Popa / Opel's German workers are far from being happy with GM's decision to cancel the sale to Magna International. Some of them feel betrayed, while others are already planning protests against ...
Putin Thinks GM's Decision Is Not Decisive
5 Nov 2009, 08:09 UTC · By: Bogdan Popa / Russian Prime Minister Vladimir Putin said in a statement that GM's decision to keep Opel and save the company on its own is not decisive as the General Motors' board is not the one to dec...
German Politician Agrees with GM Retaining Opel
5 Nov 2009, 07:52 UTC · By: Bogdan Popa / Even if some other German politicians were outraged after hearing that General Motors will, after all, keep Opel and will cancel the sale to Magna International, Dirk Pfeil, a Free Democrat politici...
Merkel Surprised by GM Keeping Opel
4 Nov 2009, 11:24 UTC · By: Bogdan Popa / German Chancellor Angela Merkel was very surprised to find out that General Motors will after all keep Opel, in spite of all the efforts to sell the company to Magna International. Angela Merkel is ...
Opel OK with GM's Decision
4 Nov 2009, 10:28 UTC · By: Bogdan Popa / General Motors announced today that it will keep Opel and will cancel the sale to Magna International and, as far the German company is concerned, it has no problem with such a scenario. The company...
UK Agrees to Fund GM's Opel Restructuring
4 Nov 2009, 09:52 UTC · By: Bogdan Popa / General Motors recently announced that it will keep Opel and start restructuring on its own and countries hosting Opel factories have already started talking about the financial packages they will p...
Germany Angry with GM's Decision, Wants 1.5 Bn Euros Back
4 Nov 2009, 08:53 UTC · By: Daniel Patrascu / The not-so-shocking decision made by American carmaker GM to keep the German Opel unit in its portfolio upset the German government, who now says it expects GM to repay 1.5 billion euros in bridge f...
Analysts: GM Never Wanted to Sell Opel
4 Nov 2009, 08:51 UTC · By: Bogdan Popa / General Motors finally confirmed that it will keep Opel and won't sell it to Magna International, the Canadian - Austrian partsmaker that has been longly regarded as the new owner of the German...
Obama Not Involved in GM - Opel Decision
4 Nov 2009, 08:18 UTC · By: Bogdan Popa / Even if some voices are hinting that the US played a key role in GM's decision to keep Opel and start restructuring on its own, the US Treasury says it wasn't involved in the talks and the...
Magna "Thanks" GM for Failed Opel Deal
4 Nov 2009, 08:05 UTC · By: Bogdan Popa / General Motors today announced that it will keep Opel and start restructuring on its own so all negotiations with Magna and Sberbank were only a huge waste of time. Also today, the Canadian - Austri...
Confirmed: GM Will Keep Opel
4 Nov 2009, 07:25 UTC · By: Bogdan Popa / General Motors' board yesterday held its monthly meeting in which it studied the latest changes in Magna's takeover proposal for Opel. Soon after that, GM's CEO Fritz Henderson steppe...