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 ...
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 ...
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...
Germans Won the RoC Nations’ Cup War
4 Nov 2009, 10:05 UTC · By: Alex Vasile / The Germans claimed their third victory in the history of the Race of Champions Nation Cup. The show went down at Beijing’s famous Birds Nest stadium built by the Chinese for the 2008 Olympic...
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...
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...
German Minister Says GM Keeping Opel Is Unlikely
30 Oct 2009, 08:04 UTC · By: Bogdan Popa / Officials involved in the Opel - Magna deal have been dealing with all kinds of rumors in the last few days but one surprising scenario broke cover this week, claiming that General Motors might afte...
Magna, Opel Confident the Deal Will Be Done
29 Oct 2009, 09:29 UTC · By: Bogdan Popa / Even if General Motors' retaining possession of Opel and restructuring using government money gets closer to reality, Magna and Opel executives expressed their confidence that the agreement wil...
GM Sources Admit Magna Picked Following Political Pressure
28 Oct 2009, 08:53 UTC · By: Bogdan Popa / Magna is getting farther when it comes to buying Opel as every single media report that comes out reveals a new hidden fact that could block the deal from getting closed. This time, the daily Financ...
Germany OK with GM Keeping Opel
28 Oct 2009, 08:06 UTC · By: Bogdan Popa / With Magna buying Opel still an uncertain scenario, Germany might approve GM's plan B - the US-based manufacturer might keep the company and start restructuring using government money. Accordin...
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...
Audi to Build New A3 Body Shop
19 Oct 2009, 09:15 UTC · By: Bogdan Popa / German carmaker Audi will invest 100 million euros in a new project in the northern sector of Audi’s Ingolstadt site. Construction of the new body-manufacturing shop for the Audi A3 will begin...
Germany Denies EU Allegations on Opel Deal
17 Oct 2009, 20:54 UTC · By: Daniel Patrascu / The recent concerns raised by European officials that the deal between German carmaker Opel and Canadian supplier Magna may be contrary to the European Union’s competition rules will not enda...
Volkswagen Golf R, Scirocco R Up for Grabs
16 Oct 2009, 07:58 UTC · By: Bogdan Popa / Volkswagen yesterday announced that both the Golf R and Scirocco R are now available to order in Germany. Both models are especially customized to provide advanced engine performance mixed with outs...
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....