• May 12, 2009
Russian Prime Minister Vladimir Putin himself has said that at the behest of Magna, Russia's GAZ conglomerate is considering taking a 30 of Opel.

The German authorities are now weighing the offers from Magna/GAZ and Fiat. GM is said to prefer a single bidder, in the guise of Fiat, while Germany was recently said to prefer Magna's proposal because of promises to keep production in Germany. If, however, GAZ's real desire is to increase its Russian production abilities, if it were to take a larger stake in Opel than Magna, there will undoubtedly be conflicts to resolve. And that's before the remaining 50% partners' needs and wishes are taken into account.

[Source: Auto News, sub req'd]


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    • 1 Second Ago
  • 10 Comments
      • 5 Years Ago
      to germany :

      do you really want this?
      why your goverment does not buy opel?
      • 5 Years Ago
      I love the '80s GT steering wheel and aftermarket speaker grills. Are the Russians still 25 years behind?
      • 5 Years Ago
      Why GAZ? GAZ has already driven LDV Vans out of business nearly one year after they bought it, and it's struggling to stay in business on its own. I know they already own part of Magna, but that doesn't make the situation any better. I think maybe the German government would make a better suitor.
      • 5 Years Ago
      ZOMZ!! This is Socialism!!

      AmIdoingitrite?
      • 5 Years Ago
      wtf autoblog?! I demand a bubble for this image... look at Putin's face! WHERE IS THE BUBBLE?!
        • 5 Years Ago
        Anyway, GAZ just gave Opel to FIAT, hurray!
      • 5 Years Ago
      Putin always looks so... "meh"
      He's an inspiration.
      • 5 Years Ago
      putin and his oligarchs robbed all natural resources from their countrymen over the last 2 decades and because of the financial crisis they are now desperate to launder and save their (dirty) money they get out of it. the same with arabs who are trying to buy stakes in Porsche, Mercedes etc. a Disgrace!
      • 5 Years Ago
      He's trying to hold back his excitement. Unfortunately, his left hand is taking that too literally.
      • 5 Years Ago
      Opel also makes a ton of natural gas powered cars, I wonder if that has anything to do with Russia's plan.