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...
Merkel Ally Requests Delay in Opel Decision
1 Sep 2009, 08:16 UTC · By: Bogdan Popa / While some German officials struggle to announce the new Opel owner before the local elections in September, a member of Chancellor Angela Merkel's conservative party is requesting a delay in t...
GM to Combine Buick - GMC Dealers
31 Aug 2009, 13:05 UTC · By: Bogdan Popa / General Motors has announced one more measure that will help the company adopt the "new culture". It will combine around 3,000 dealerships that sold Buick, Pontiac or GMC cars to create ap...
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 and FAW Form Chinese Joint Venture
31 Aug 2009, 06:50 UTC · By: Bogdan Popa / General Motors has just made another major step towards increasing its Chinese share by forming a 50-50 joint venture with FAW Group Corp. for the establishment of FAW - GM Light Duty Commercial Veh...
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...
Chevrolet Traverse Production Suspended for 2 Months
28 Aug 2009, 13:28 UTC · By: Bogdan Popa / General Motors recently announced that it will suspend the production of the 2010 Chevrolet Traverse crossover as the company transfers the necessary equipment to manufacture the car to another faci...
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...
Chrysler Accepts Liability Claims on Pre-June 2009 Vehicles
28 Aug 2009, 06:52 UTC · By: Daniel Patrascu / Chrysler Group, the new entity which was born following the bankruptcy process of Chrysler LLC, now known as Oldcarco, announced today it has decided to accept "product liability claims on vehi...
Nearly 700,000 Clunkers Traded-In in US CARS
27 Aug 2009, 14:43 UTC · By: Bogdan Popa / With the US Car Allowance Rebate System now officially closed, we're all curious to find out which were the most attractive models in the scheme and, more importantly, which are the companies t...
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...
Tengzhong-Hummer Deal Terms Leaked
27 Aug 2009, 07:58 UTC · By: Daniel Patrascu / With the signing of a final deal between American manufacturer GM and potential Hummer buyer Tengzhong rumored to be days away, the alleged terms of the future deal between the two sides have hit Ch...
2010 Cadillac SRX Causes a Stir in the Middle East
26 Aug 2009, 13:08 UTC · By: Bogdan Popa / Even if it is projected to hit the market in December, the 2010 Cadillac SRX luxury crossover has generated a lot of comments, attracting a lot of interest from people who are willing purchase the n...
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...
CARS, the Biggest Boost in Sales on Record
26 Aug 2009, 10:06 UTC · By: Daniel Patrascu / The recently concluded Car Allowance Rebate System (CARS) has provided the US economy with the biggest boost in auto sales on record, according to the White House Council of Economic Advisers, citin...
GM Can't Afford to Keep Opel
25 Aug 2009, 14:18 UTC · By: Daniel Patrascu / Recent reports claiming American manufacturer GM has had a change of heart and is now trying to raise money to keep Opel have stirred both controversy and anger in Germany. With Opel's fate mor...
No More "GM Mark of Excellence" on Vehicles
25 Aug 2009, 13:12 UTC · By: Daniel Patrascu / Determined to make a new name in the industry for both itself as a company and its surviving brands, American manufacturer GM is reportedly planning to drop their habit of sticking "GM" lo...
Opel Workers Want Vacation Bonuses Back, First Warning Shot
25 Aug 2009, 08:30 UTC · By: Daniel Patrascu / As promised yesterday by labor chief Klaus Franz, Opel workers have begun the guerilla warfare against the American manufacturer. Their first move was to announce they are want, all 25,000 of them, ...
Obama Stays Out of GM's Opel Decision
25 Aug 2009, 08:14 UTC · By: Bogdan Popa / Even if German Chancellor Angela Merkel said she would personally intervene to support Magna in the negotiations with General Motors, US President Barack Obama says he won't get involved in the...