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REPORT: GAZ confirms interest in Opel
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 factory in Nizhny Novgorod. Under such a proposal, Automotive News reports that Magna would take 20% 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, ... Read more →
Fiat and Magna emerge as serious bidders for Opel Jeremy Korzeniewski
General Motors is looking for outside investment into German automaker Opel, and new reports coming out of Europe indicate that two main bidders have separated from the rest of the pack: Fiat, which ...
Mahindra not interested in HUMMER Jeremy Korzeniewski
Despite assurances from top GM brass, every bidder for the troubled HUMMER brand appears to be removing itself from the rumormill. Considered one of the strongest suitors interested in the off-road ...
From Russia, With Love: Owner of GAZ buys 5% of GM Frank Filipponio
Okay, so maybe GAZ wasn't really interested in buying Land Rover and Jaguar from Ford, but that hasn't stopped Russian billionaire Oleg Deripaska from buying a big chunk of another U.S. automaker. ...
No surprise: GAZ has no interest in buying Jaguar/Land Rover Damon Lavrinc
Contrary to the reports that surfaced yesterday asserting that Russian automaker GAZ was interested in purchasing Land Rover and Jaguar, a spokesman for the company has officially denied the rumors. ...
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UPDATE: Russian automaker GAZ says no to Jaguar 3 years ago on Autoblog
Days after reports that Gorky Automobile Plant (GAZ) owner Oleg Deripaska was interested in purchasing the brand from Ford Motor Co., a spokesperson for the maker of the Volga announced that the automaker is not interested after all. GAZ, she states, is only interested in commercial vehicles and ...
Russian automaker GAZ interested in Jaguar? 3 years ago on Autoblog
So far potential suitors looking to purchase Jaguar from Ford have been named out of pure speculation. One such suitor whose interest in Jaguar seems to be gaining traction in the international press is Oleg Deripaska, the sixth richest man in Russia and owner of the GAZ motor empire, Russia's ...
Autoblog Podcast #154: Gobbling up the News
Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.
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