Magna Ready for Opel Ultimatum
20 Jul 2009, 09:52 UTC · By: Bogdan Popa / Things are going from bad to worse for Canadian parts manufacturer Magna who's now seeing itself forced to submit a new offer for Opel, following the course of negotiations between the GM and R...
GM-Berlin Standoff
20 Jul 2009, 06:49 UTC · By: Daniel Patrascu / As was to be expected, the minor disagreements over the future of Opel between GM and Germany tend to become a problem, as both sides favor different bidders. Whereas GM has a soft spot for Belgian ...
Raikkonen Points to German Curse
14 Jul 2009, 15:01 UTC · By: Ovidiu Panzariu / Ferrari's Kimi Raikkonen seems to have found the reason why he has such a hard time scoring race wins at the Nurburgring. While giving his fellow drivers a bunch of headaches – see Force ...
BAIC Wants to Sell Nearly 500,000 Opels in China
7 Jul 2009, 13:28 UTC · By: Bogdan Popa / In case the company receives the green light to take over Opel, BAIC intends to sell almost half a million cars manufactured by the German automaker in China by 2015. The plans were mentioned in the...
Magna Delays Opel Takeover Meeting to July 14
7 Jul 2009, 08:52 UTC · By: Bogdan Popa / One step forward and two steps back. This seems to be Magna's favorite motto these days as the company initially wanted to assure everybody that it is still favorite to take over Opel but is no...
Vettel Boosts Ticket Sales at Nurburgring
7 Jul 2009, 06:51 UTC · By: Ovidiu Panzariu / After a 2-year draught, the German fans finally have someone to rule for during their annual German Grand Prix. The Nurburgring crowd was left without a driver to give their unconditional support ba...
Chevrolet Gets Stronger in France, Germany
6 Jul 2009, 13:19 UTC · By: Bogdan Popa / Chevrolet is one of the four core brands General Motors will continue to rely on after exiting from bankruptcy but the division seems to be prepared to help the parent company in each corner of the ...
Magna to Get Past Opel Problems by July 7
3 Jul 2009, 14:03 UTC · By: Bogdan Popa / As we told you a few days ago, negotiations between Magna International and Opel reached a dead end as some issues between the two are blocking the Canadian - Austrian parts manufacturer from comple...
Ford Focus to Be Produced Only in Germany
1 Jul 2009, 12:19 UTC · By: Bogdan Popa / American manufacturer Ford today announced that its Saarlouis Plant in Germany will be the only facility to build the European version of the all-new Ford Focus which will go on sale in 2010. Additi...
RHJ Close to Snatching Opel
30 Jun 2009, 14:47 UTC · By: Bogdan Popa / And the saga continues. This time, the main character is RHJ International which is reportedly close to snatching the German brand Opel. As you probably known from the millions of reports on the mat...
Opel: Magna to Close Deal by Mid-September
29 Jun 2009, 13:35 UTC · By: Bogdan Popa / The Magna - Opel takeover is surely one of the most complicated deals in the auto sector, with all kinds of reports hinting either that the Canadian parts manufacturer might lose the German brand or...
Fiat Won't Improve Opel Bid
29 Jun 2009, 06:47 UTC · By: Bogdan Popa / Fiat is now trying a different approach strategy when it comes to buying Opel. After struggling to convince the German government that Opel would have a bright feature under their umbrella, the Ital...
Porsche Re-Applies for State Loan
23 Jun 2009, 08:12 UTC · By: Daniel Patrascu / After at the end of the last week German manufacturer Porsche was denied access to a state guaranteed loan, the company has today re-applied to state controlled KfW bank for the badly needed 1.75 bi...
VW May Loan Porsche, May Not...
22 Jun 2009, 12:54 UTC · By: Daniel Patrascu / The struggle of German sports car manufacturer Porsche now seems to rely on the performances its now rival Volkswagen will have throughout the second quarter of 2009. According to Hans Dieter Poetsc...
Opel Could Axe New Car Prices by 40 Percent
22 Jun 2009, 08:32 UTC · By: Bogdan Popa / GM Europe's German unit might turn to a surprising measure to cope with the recession, boost sales and thus, protect jobs: it might cut prices by as much as 40 percent, a report by Bloomberg.co...
BAIC Granted Access to Opel's Accounts
19 Jun 2009, 06:30 UTC · By: Bogdan Popa / Just when everybody thought that the deal is finally over and Magna has managed to take over the German unit Opel, officials close to the matter stepped in and said the American parent company is al...
Magna to Get Opel Final Signing by July 15
18 Jun 2009, 10:58 UTC · By: Bogdan Popa / Negotiations between General Motors and Magna International regarding the Opel takeover continue despite some reports claiming that Germany is still talking with other interested parties. Additional...
GM CEO Confirms: Opel Still Available
15 Jun 2009, 09:01 UTC · By: Bogdan Popa / Things are getting worse for Magna International, the Canadian - Austrian parts manufacturer who proudly announced it has sealed a deal with Germany and GM Europe to take over Opel. According to num...
Magna to Inspect Vauxhall
12 Jun 2009, 10:08 UTC · By: Daniel Patrascu / In light of their future ownership of Opel, Magna has named a team to go to the UK and inspect Vauxhall's operations and determine whether the company is viable or not. The visit will begin on ...
Fiat Smiles Again, Germany Says Opel's Selling Reopened
12 Jun 2009, 08:20 UTC · By: Bogdan Popa / Things are getting better for Fiat after the company a few days ago finalized the strategic alliance with Chrysler and Sergio Marchionne has been appointed CEO of the new Chrysler. It might seem lik...