Volkswagen Announces Major Chinese Expansion
12 Sep 2009, 15:03 UTC · By: Bogdan Popa / China is undoubtedly a key market for several carmakers out there and Volkswagen makes no exception to this rule. The German brand has just announced that it will invest no less than 4 billion euros...
Opel Won't Work Under Magna, Analysts Think
11 Sep 2009, 08:30 UTC · By: Bogdan Popa / It was only a matter of time until General Motors finally confirmed the sale of its German brand Opel to Canadian - Austrian partsmaker Magna International. But even if Magna and its Russian partner...
Magna Wants Opel Profitable by 2011
11 Sep 2009, 08:04 UTC · By: Bogdan Popa / Magna, the new and confirmed owner of Opel, plans to make its new brand profitable by 2011 and start paying dividens by 2015. Obviously, this sounds somewhat impossible, given the current economic s...
Confirmed: GM Will Sell Opel to Magna
10 Sep 2009, 14:35 UTC · By: Bogdan Popa / GM has just announced that it will sell a 55 percent stake in Opel to Magna and Sberbank, with employees working at the German manufacturer holding 10 percent of the new company. The American manufa...
GM to Keep Opel
10 Sep 2009, 13:02 UTC · By: Bogdan Popa / Even if GM is yet to make an official announcement regarding Opel, several media reports are already hinting that the American manufacturer wants to keep the German brand and save it by itself. We a...
Opel Workers to Protest if GM Doesn't Pick Magna
10 Sep 2009, 10:55 UTC · By: Bogdan Popa / Germany is not the only player piling up the pressure on General Motors to issue a decision on who's better to own Opel. According to a report by Reuters, Opel's workers are now threatenin...
Germany Yet to Decide on General Motors Funds
10 Sep 2009, 09:41 UTC · By: Bogdan Popa / In case General Motors finally decides to keep Opel and save the company by itself, Germany would have to support the company by providing a financial loan package, obviously supposed to preserve jo...
Germany Piles Up the Pressure on General Motors
9 Sep 2009, 10:27 UTC · By: Bogdan Popa / Germany is still awaiting General Motors' final word on Opel but with reports claiming a decision on the brand won't come sooner than October, officials in the country are getting worried....
GM Would Need $6.1 Billion to Keep Opel
9 Sep 2009, 09:34 UTC · By: Bogdan Popa / In case General Motors wants to retain Opel, the former US bankrupt automaker would need around $6.1 billion to restructure the German unit, a report issued by financial advisory firm KPMG sent to t...
Porsche Panamera Sales Begin on September 12
9 Sep 2009, 09:09 UTC · By: Bogdan Popa / German manufacturer Porsche today officially announced that sales of the Panamera will commence on September 12, with demonstration cars to be showcased at dealerships across the German market start...
GM to Delay Opel Decision Until October?
8 Sep 2009, 15:28 UTC · By: Bogdan Popa / General Motors plans to delay the Opel decision until October, a German newspaper reported today citing sources close to the matter. This means that the new Opel owner will be announced after the Ge...
Opel Decision Announced Today?
8 Sep 2009, 07:48 UTC · By: Bogdan Popa / Even if General Motors hasn't announced a deadline for making a decision on the future of Opel, German Economy Minister Karl-Theodor zu Guttenberg said yesterday that the American manufacturer ...
Germany Agrees GM's Position on Opel Has Changed
7 Sep 2009, 12:03 UTC · By: Daniel Patrascu / Fervent supporter of a deal between Magna and Opel, the German state admitted during the weekend that GM is no longer the troubled carmaker which put Opel up for sale earlier this year, hinting that...
Workers Don't Agree with GM Controlled Opel
3 Sep 2009, 15:06 UTC · By: Bogdan Popa / Even if General Motors plans to keep Opel and restructure the brand on its own, the former bankrupt US automaker might encounter more difficulties, other than the money needed to keep the company al...
GM Expects 1Bn Euros for Opel from Spain, UK and Poland
3 Sep 2009, 10:13 UTC · By: Bogdan Popa / Even if it's still reticent over the future of Opel, General Motors is seeking for a 1 billion euros funding package from the governments of Spain, the UK and Poland. Furthermore, in case it wo...
BMW X1 Production Starts in Leipzig
2 Sep 2009, 10:57 UTC · By: Bogdan Popa / BMW yesterday started production of the long-awaited X1 at the Leipzig plant in Germany, with European stores projected to receive the model in a few weeks. However, the car will be officially intro...
GM Board to Meet on Opel's Future Today
2 Sep 2009, 07:37 UTC · By: Bogdan Popa / Members of GM's board will meet once again today, with the future of the German unit Opel the main entry on the agenda. However, a decision on who's the one to control Opel is now expected...
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 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...