Henderson Has His Say on Opel
6 Nov 2009, 08:06 UTC · By: Daniel Patrascu / After the decision to keep Opel has been made public by American manufacturer GM, everybody scrambled to find out the reasons behind the decision. With Magna being strangely at peace with the decisi...
Thousands of Opel Workers Protest Against GM
5 Nov 2009, 11:56 UTC · By: Bogdan Popa / Things are getting worse in the Opel case, this time for General Motors, after the US-based car manufacturer announced its intention to keep the company and start restructuring. But Opel workers acr...
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 ...
GM's First Opel Plan: 10,000 Jobs Cut
5 Nov 2009, 09:12 UTC · By: Bogdan Popa / Even if General Motors decided a few days ago to keep Opel and cancel the sale to Magna International, this doesn't necessarily mean that the US-based manufacturer intends to continue with the ...
British Union Pleased with GM's Decision
5 Nov 2009, 08:31 UTC · By: Bogdan Popa / UK's Unite union said in a statement that GM's decision to keep Opel is a more advantageous solution for the Vauxhall unit and showed its confidence that governments involved in the matter...
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...
GM Will Pay Back German Opel Loan
4 Nov 2009, 11:43 UTC · By: Bogdan Popa / Now that General Motors decided to keep Opel, the German government is screaming loud and clear that it wants its money back. Germany previously loaned 1.5 billion euro to General Motors to keep Ope...
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 ...
Saturn Scrambles to Clear Inventory
4 Nov 2009, 10:38 UTC · By: Daniel Patrascu / As its final say has been sealed this month, GM's last-standing "bad brand" is scrambling to launch new marketing campaigns and offers to speed up the inventory exit rate of its vehic...
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...
Opel Unions Agree to Massive Cost Cuts
3 Nov 2009, 16:15 UTC · By: Daniel Patrascu / Another important step was taken today by Opel, at about the same time GM's board will meet and (finally, we hope) decide the German carmaker's fate: Opel unions decided to give the manufa...
GM, IPO in the Making
3 Nov 2009, 14:31 UTC · By: Daniel Patrascu / As the US is trying to exit the automotive industry it entered earlier this year, rumors surrounding a possible initial public offering (IPO) for the state's shares in GM and Chrysler become mo...
No Need for More Govt Money, Says GM CEO
3 Nov 2009, 11:27 UTC · By: Bogdan Popa / GM's CEO Fritz Henderson says the US-based manufacturer doesn't need more money from the government of the United States as the initial loan packages are sufficient for restructuring. In a...