Opel Spanish Workers Threaten to Strike
20 Oct 2009, 08:38 UTC · By: Daniel Patrascu / The Opel-Magna deal still hangs in the balance this week, with problems intensifying in Spain, one of the few regions were Magna did not manage to get the support of the local Opel workers. Today, t...
GM's Plan B: Keep Opel
19 Oct 2009, 12:13 UTC · By: Bogdan Popa / Opel's sale to Magna International is getting more complicated every hour as rumors concerning the transaction are now hinting that General Motors could keep the German brand in case the EU blo...
Opel Sale Delayed?
15 Oct 2009, 13:44 UTC · By: Bogdan Popa / The whole automotive industry was expecting to see Opel stepping under Magna ownership today but it appears the sale might be delayed one day or two because the Canadian - Austrian partsmaker is yet...
PSA Hopes Opel's Sale Will Unsettle Customers
15 Oct 2009, 08:52 UTC · By: Bogdan Popa / The sale of Opel to Canadian - Austrian partsmaker Magna International will surely have an impact on the auto sector and PSA hopes this will unsettle customers and bring more buyers for its models. ...
Germany Confident About UK Opel Loan
15 Oct 2009, 06:58 UTC · By: Bogdan Popa / Magna expects to get the final signature for Opel today but, before reaching this milestone, the involved parties have to talk about the loan packages to be offered by countries hosting Opel plants....
Opel Working on Minicar Project, Still Searching for Partner
14 Oct 2009, 14:37 UTC · By: Bogdan Popa / German brand Opel, which is projected to become a Magna brand as soon as this week, is planning to build a minicar that would better address the current difficult economic times. However, in order t...
Magna Submits New Offer to Spanish Unions
14 Oct 2009, 13:12 UTC · By: Bogdan Popa / Magna has already reached an agreement with British unions but the company failed to come to a conclusion with Spanish leaders. Well, the Canadian - Austrian partsmaker today submitted a new proposa...
UK Labor, Magna Reach Opel Deal
14 Oct 2009, 08:05 UTC · By: Bogdan Popa / Magna International yesterday reached an agreement with Vauxhall workers after weeks of negotiations, as sources involved in the talks revealed. Tony Woodley, joint general secretary of Unite, the U...
GM to Get Rid of Opel on Thursday
13 Oct 2009, 10:38 UTC · By: Bogdan Popa / It appears this is the last week when we're talking about Opel as a General Motors company as the US-based manufacturer will most likely sell its German brand these days. Furthermore, sources c...
Spain Struggles to Keep Opel Plant Untouched
13 Oct 2009, 08:13 UTC · By: Bogdan Popa / Magna has already announced that it will cut around 1,350 jobs in Spain but the local government is willing to continue negotiations with the new Opel owner to ensure the stable and long term future...
Germany Optimistic about EU Opel Aid
12 Oct 2009, 16:03 UTC · By: Bogdan Popa / Germany has already approved a 4.5 billion euro aid in guarantees for Opel and, with the sale likely to be closed this week, the country is asking for the other nations hosting Opel factories to ann...
Opel Sale to Be Closed This Week
12 Oct 2009, 15:25 UTC · By: Bogdan Popa / We've heard that before but this time it looks serious. Opel union boss Klaus Franz revealed that Magna International is on track to take over 55 percent of the German brand this week but admit...
Opel Aid to Be Discussed Today
9 Oct 2009, 13:26 UTC · By: Bogdan Popa / Representatives of the German government and officials of other countries hosting Opel plants will meet today in Berlin to discuss the loan packages to be offered in support of the restructuring pro...
Magna to Supply Mercedes' SLS AMG Body
8 Oct 2009, 10:46 UTC · By: Bogdan Popa / Magna International, who's still fighting to take over the German brand Opel, signed an agreement with Mercedes Benz to develop and build aluminum bodies for the new SLS AMG. Daimler AG is curr...
Opel Sale to Close on Monday?
6 Oct 2009, 07:30 UTC · By: Bogdan Popa / Magna International and Sberbank, the Russian partner that will help it take over a 55 percent stake in Opel, are expected to close the deal early next week, probably on Monday or Tuesday. Negotiati...
Magna Promises to Cut Fewer Jobs in Spain
6 Oct 2009, 06:44 UTC · By: Bogdan Popa / Under the strong pressure of unions and politicians, Magna, often referred to as the new Opel owner, promises to cut fewer jobs at the Spanish plant. According to original restructuring plans, Magna...
Magna, UK Govt to Start Vauxhall Funding Talks
5 Oct 2009, 13:14 UTC · By: Bogdan Popa / The British government representatives will meet with Magna officials this week to discuss the require funding to support Vauxhall. Business Secretary Peter Mandelson said today in Tokyo that the Un...
Opel Labor Talks Suspended
2 Oct 2009, 08:29 UTC · By: Bogdan Popa / Talks between General Motors, Canadian - Austrian partsmaker Magna and Opel workers came to no conclusion this week and they should resume anytime soon, officials involved in the matter revealed. Al...
GM to Sign Opel Sale Next Week
1 Oct 2009, 09:08 UTC · By: Bogdan Popa / Negotiations on the future of Opel are going well and General Motors might sign the contract to sell 55 percent of the German brand to Magna and Sberbank next week. In case the US-based carmaker giv...
Fiat-Bertone Deal to be Signed Tomorrow
30 Sep 2009, 09:22 UTC · By: Daniel Patrascu / The deal through which Italian manufacturer Fiat will get control of the Carrozzeria Bertone will be signed tomorrow, according to trade union sources talking with Reuters. The sale has been already...