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...
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...
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...
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...
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...
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...
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...
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. ...
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....
13 Oct 2009, 13:47 UTC · By: Bogdan Popa / Back in July, Volkswagen announced the BlueMotion flavor of the Golf that comes with outstanding fuel efficiency and emission figures. The BlueMotion variant is available for all three Golf versions...
12 Oct 2009, 16:03 UTC · By: Bogdan Popa / Germany has already approved a 4.5 billion euro aid in guarantees for Opel and, with the sale likely to be closed this week, the country is asking for the other nations hosting Opel factories to ann...
12 Oct 2009, 15:25 UTC · By: Bogdan Popa / We've heard that before but this time it looks serious. Opel union boss Klaus Franz revealed that Magna International is on track to take over 55 percent of the German brand this week but admit...
12 Oct 2009, 09:09 UTC · By: Bogdan Popa / A government panel agreed with the 4.5 billion euro ($6.6 billion) state loan guarantee to be provided to Magna International, with no objections from officials from the chancellery, economy and fin...
9 Oct 2009, 13:26 UTC · By: Bogdan Popa / Representatives of the German government and officials of other countries hosting Opel plants will meet today in Berlin to discuss the loan packages to be offered in support of the restructuring pro...
9 Oct 2009, 12:10 UTC · By: Bogdan Popa / Audi's sales are going well in global markets so the German brand is still on track to achieve the 900,000-unit sales goal announced in January. Audi sold a total of 705,300 cars worldwide in t...
5 Oct 2009, 14:48 UTC · By: Bogdan Popa / Volkswagen has just introduced a new version of the Touran TSI EcoFuel that provides an extended range thanks to an increased fuel tank capacity and improved efficiency. The latest version of the ca...
29 Sep 2009, 14:26 UTC · By: Bogdan Popa / Even if Magna received GM's blessing to takeover the German brand Opel, it appears the Canadian - Austrian partsmaker facing more challenges before completing the deal. Neelie Kroes, European U...
28 Sep 2009, 14:20 UTC · By: Bogdan Popa / Just like several other European countries, Spain is asking for European Union intervention as the Magna - Opel deal might favor Germany who agreed to provide financial support for the Canadian - Au...
25 Sep 2009, 10:17 UTC · By: Bogdan Popa / The European Commission will meet with German officials and representatives from the countries that are hosting Opel production facilities on October 7 to discuss the financial package to be offered...
24 Sep 2009, 07:40 UTC · By: Bogdan Popa / Rumors hinting to a potential closure of Opel's Belgian plant in Antwerp are doing no good to Magna International, the new owner of the German brand. After Opel workers across Europe have alrea...