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REPORT: Opel/Vauxhall CEO plans five-year product offensive
Interim Opel CEO Nick Reilly has been overseeing the German firm for all of six weeks. And over that scant month and a half, he's conjured the way forward for Opel and Vauxhall and seems determined to leave nothing undone. Chatting with Auto Motor und Sport, Reilly intends to give Opel a little SUV on the Corsa platform, an Opel version of the Mini, a continuation of the Agila and an all-new electric car. Opel would also be greater master of its own fate: Opel's tie with Suzuki will continue even with VW's recent move, but other Opels ... Read more →
REPORT: Minicar, EV on the way from Opel Jonathon Ramsey
General Motors has declared that Opel needs a minicar, a tiny little thing that can compete with runabouts like the Ford Ka and Peugeot 107. That's a fine sentiment here at the starting line, but ...
First Drive: 2011 Buick Regal prototype looks to be a good sport Chris Paukert
There's an odd bit of historical deja vu at work here. Back in the late '60s and early '70s, General Motors wanted to shift a few sporty-ish four-cylinder models from its Opel division into ...
Rumormill: Bob Lutz drops more Buick Regal GS, high performance wagon hints Jonny Lieberman
While we were talking about the Escalade EXT launch with Susan Docherty (don't ask) during the Regal reveal at the Hollywood Palladium last week, Car & Driver's Steve Siler was pushing Maximum ...
GM Executive VP Nick Reilly named interim CEO at Opel/Vauxhall Noah Joseph
It's been one heck of a week for Opel. After months of negotiations between Magna and its partners on the one hand and General Motors on the other, the American parent company opted to hold on to ...
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Breaking news:
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REPORT: Lutz to step in as interim Opel chairman 1 month ago on Autoblog
Just hours before General Motors announced that it wasn't going to sell Opel, GM Europe head Carl-Peter Forster said publicly that Opel would be better off under the control of Magna. Talk about bad timing. Now that GM is keeping Opel, Forster is out as the head of the General's European ...
REPORT: Opel President Carl-Peter Forster quits after sale collapse 1 month ago on Autoblog
German magazine Der Spiegel is reporting this morning that Opel President Carl-Peter Forster has resigned from General Motors following the board's decision to kill the sale of a majority stake to Magna International. Apparently, Forster was disgusted at the way that GM officials handled the ...
Germany not happy with GM abandoning Opel sale 1 month ago on Autoblog
It was an exhausting 7-month process that finally winnowed down a pool of suitors for Opel, General Motors' European subsidiary, to Canadian parts maker Magna and Russian bank Sberbank. The deal was all set to go through, but GM pulled the plug yesterday at the 11th hour, claiming that because ...
BREAKING: GM board opts to call off Opel sale 1 month ago on Autoblog
After months of negotiations with supplier Magna and its Russian partner Sberbank, General Motors has decided not to sell its Opel unit. The General mentioned in the post-jump press release that the new board of directors came to the decision to keep Opel due to GM's recovering financial ...
Opel sale on hold, GM asked to have a word with EU Commission 1 month ago on Autoblog
The EU's Directorate-General for Competition (EUDGC) is looking at the Opel deal that should have been concluded already, and is asking questions of Germany and GM. Principally it is trying to resolve the issue of state aid; it was reported before that if Opel was purchased by Magna then the ...
REPORT: Chevrolet to take larger role at GM, account for 70% of total volume 2 months ago on Autoblog
Forget about more cowbell, for GM it's all about more Chevy -- at least, that's the situation for Chevrolet's new VP Brent Dewar. So far this year the Bowtie has posted more than 60% of GM's North American volume, but Dewar wants that to get to 70%. "As Pontiac goes away, Saturn goes away," ...
Frankfurt 2009: Opel Astra makes its debut under the lights 3 months ago on Autoblog
By now, you've likely already seen official shots of the 2010 Opel Astra, both inside and out. Of course, catching a glimpse of a new shape under the harsh lighting of an auto show often brings a different point of view than the automaker's own glitzy press shots. In the case of the latest ...
Frankfurt 2009: Bring us the 2010 Opel Insignia OPC Sports Tourer 3 months ago on Autoblog
Remember this? "More wagons! More wagons!" Well, here's another. Meet the Opel Insignia OPC Sports Tourer. Salient facts: 325-horsepower turbocharged 2.8-liter V6, AWD, six-speed manual, eLSD torque vectoring and it's a station wagon. Oh, and get this -- it's built from off the shelf GM parts. ...
You didn't think the battle for Opel was over, did you? Belgium reportedly asking EU to investigate 3 months ago on Autoblog
When GM decided to hand 55% of Opel to Magna, you didn't think the Belgians were just going to have some waffles and call it quits, did you? Oh no. Belgium's prime minister made a call to the EU president about the deal, and the EU Competition Commissioner Neelie Kroes told a Belgian newspaper, ...
BREAKING: GM board recommends coughing up 55% Opel stake to Magna, Sberbank 3 months ago on Autoblog
Finally, after what seems like an eternity of protracted negotiations, bickering and stalling tactics, General Motors has agreed to sell a majority stake in its European operations to Magna International and its Russian financial partner Sberbank. Under the terms of the deal, 55% of Opel and ...
GM would rather have Opel, Vauxhall fall into insolvency than sell to Magna? 3 months ago on Autoblog
While General Motors was going through its 42 day bankruptcy period, one of the stories that didn't receive much play was the sale of GM's Opel brand. The major players in the Opel sale appear to be the German government, Canadian supplier Magna and Belgian private investor RHJ International. ...
REPORT: Opel labor union goes on the offensive, GM negotiator meets with German feds 3 months ago on Autoblog
The battle for Opel has added another front: Opel labor unions at two of the company's German factories retracted an agreement made last year to forgo vacation bonuses. The move demands that General Motors pay the laborers €70 million ($100.2M U.S.) by next week, the amount that they agreed to ...
GM issues a 'No-Decision' on fate of Opel, German government not happy 4 months ago on Autoblog
General Motors was meant to decide who would be the winning bidder for Opel last Friday. But it didn't. Instead, GM asked the German government for more information on federal financial assistance available to buyers. The German government would like Magna to take over Opel as it vowed to retain a ...
RHJ ups offer for Opel, commits to Vauxhall, has "good chances of winning" 4 months ago on Autoblog
Belgian investment firm RHJ, once considered a back-up bidder for Opel, is now considered a front-runner – at least according to its own CEO. RHJ head Leonhard Fischer has already told U.K. officials that the company is committed to retaining the Vauxhall name, and speaking to German ...
Buick expanding lineup to six models in two years 4 months ago on Autoblog
During our preview this morning of upcoming products from both Buick and GMC, we learned that the Buick lineup will expand its lineup to include six models within the next 24 months. Joining the LaCrosse and Enclave (it sounds like the Lucerne is on its way out) will be two new sedans and two new ...
REPORT: Opel, waiting on GM and the German government, heading toward bankruptcy 4 months ago on Autoblog
There are five noteworthy parties involved in the negotiations over Opel's fate: GM, the German government, the Opel trust, states with Opel manufacturing plants, and the Opel labor union. The Opel trust is the body created to run Opel after GM's bankruptcy, and consists of five members: a ...
REPORT: The Sky has a limit after all, as GM Kappa production ends 4 months ago on Autoblog
Old saying: The flame that burns twice as bright burns only half as long. Having driven our share of Pontiac Solstice and Saturn Sky roadsters, we can't honestly declare them to be brightly burning flames. Oh, they have their good points, but the market's worst folding top mechanism and rampant ...
German economics minister reportedly says no to Opel buy-back option for GM 5 months ago on Autoblog
One of the many clauses that General Motors is reportedly trying negotiate into any deal involving majority control of Opel is the option to eventually buy back the stake it is selling. As the theory goes, GM isn't selling Opel because it feels like it doesn't add value – Opel in fact offers ...
Beijing Automotive bids for Opel; Magna still expected to close deal 5 months ago on Autoblog
Even though Beijing Automotive (BAIC) tendered a non-binding offer for Opel, the company is said to have no chance of actually acquiring the brand. General Motors is still in talks with Magna and its partners, GAZ and Sberbank, and according to Sberbank CEO German Graf, "The choice has been made ...
Marchionne confirms Fiat still interested in Opel 5 months ago on Autoblog
Fiat CEO Sergio Marchionne, watching the travails of GM, Opel and Magna from his comfy Italian perch, has sent word that his previous offer for Opel is still on the table if anyone is interested. That offer, though, can't be sweetened because he doesn't "believe we could improve Fiat's offer. It's ...
GM worried about Magna deal for Opel, sign backup deal with RHJ, Beijing Automotive 6 months ago on Autoblog
When it came to buying Opel, Fiat's Sergio Marchionne told GM and the German government: "If you have a better offer, take it." They both took Magna, along with its Russian partners Sberbank and GAZ, because that consortium offered a better competitive arrangement and fewer job cuts in Germany. The ...
REPORT: Opel to cut prices 40% in order to save jobs? 6 months ago on Autoblog
Sometimes deals get made, and then the dealmakers have to employ some pretty creative tactics to get the terms to work. Magna's deal for Opel included taking €1.5 billion in short term loans from the German government, the string attached being that Magna had to guarantee German jobs. Saving ...
Opel pulls the wraps off the 2010 Astra's interior 6 months ago on Autoblog
Although we're still a few months away from seeing the 2010 Opel Astra in the flesh at the Frankfurt Motor Show, the automaker has released a bevy of interior images of its new compact hatch following the reveal of the fully redesigned exterior. The new interior takes a huge stride beyond the ...
Opel stake could give Russian automaker an injection of "know-how" 6 months ago on Autoblog
If you tried telling us even as recently as a year ago that General Motors would be forced to sell its European assets and that a partnership between a Canadian parts supplier and a Russian bank would step up to take the stake, we'd have probably raised a few eyebrows. But such is the state of the ...
REPORT: VW takes issue with Magna/Opel tie-up 6 months ago on Autoblog
You knew that something like this was coming sooner or later: at least one of Magna's clients have found the supplier's majority stake in Opel to be a conflict of interest. As it turns out, Volkswagen was the first automaker to cry foul. Magna is a major supplier for VW and its brands, while Opel ...
REPORT: Opel's 'preferred' buyer(s) expected to be named mid-week 7 months ago on Autoblog
It looks like the German government is about to announce its list of preferred bidders for Opel this week, and the list is likely to include Fiat and Magna. Why would this list be coming from Chancellor Angela Merkel's spokesman and not, say, GM? Because the German government will have to step in ...
Tongue-Waggin' Wagon: Vauxhall Insignia VXR Sports Tourer unveiled 7 months ago on Autoblog
No more spy shots. GM has formally unveiled the Vauxhall Insignia VXR Sports Tourer (a.k.a. the Opel Insignia OPC Sports Tourer on the other side of the Chunnel). By now, you're probably seen the specs, but we'll go over them again for the sake of being complete. 325 horses are corralled in the ...
REPORT: Magna could use Opel to produce vehicles for other automakers 7 months ago on Autoblog
General Motors is very close to selling its Opel unit, with Canadian supplier Magna and Italian automaker Fiat among the suitors. If Magna and its Russian partners Gaz and Sberbank scores the winning bid for Opel, the parts supplier has big plans for the German brand and its factories. Automotive ...
Officially Official: 2010 Opel Astra revealed ahead of Frankfurt debut 7 months ago on Autoblog
After yesterday's impromptu internet unveiling of the 2010 Opel Astra, General Motors has finally let the details out on its next-generation compact before its official debut at the Frankfurt Motor Show this September. The 2010 Astra's design is inspired by the Opel Insignia, sporting all-new ...
REPORT: GAZ confirms interest in Opel 7 months ago on Autoblog
Russian Prime Minister Vladimir Putin himself has said that at the behest of Magna, Russia's GAZ conglomerate is considering taking a 30% interest in Opel. GAZ, though, has made it clear that it does not want to run or own Opel – what it really seems to want is to have cars to produce at its ...
Leaked: 2010 Opel Astra gets early web reveal 7 months ago on Autoblog
Opel's Astra hasn't exactly gone down a storm here in the U.S. while wearing a Saturn badge, but the four-cylinder econocar lineup is pivotal stuff in Europe, and the next-generation model could still find its way to America – even if it doesn't wear a planetary badge. Regardless of ...
Autoblog Podcast #158: 'Twas a couple nights before Christmas...
Chris, Editor Paukert, and Dan send the Podcast off for the Christmas holiday in proper fashion
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