gm europe


REPORT: Germany wants GM's plan for Opel - and a billion dollars - "quickly"

General Motors' bouleversement on the sale of its Opel brand has caused the European head of Opel vacate his office, the head of Opel labor to gulp "a bottle of wine" to get over the shock, the German head of state to request "GM to present a reliable plan for Opel quickly," and Germany's economic minister to prod GM to pay back the rest of the €1.5 billion ($2.25B U.S.) bridge loan. GM's response has been for CEO Fritz Henderson to Germany on an "Opel charm tour," to pay back a portion of the borrowed fund and promise the remaining ... Read more →

REPORT: Opel President Carl-Peter Forster quits after sale collapse Sam Abuelsamid

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 ...

Germany not happy with GM abandoning Opel sale John Neff

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 ...

Opel fate still up in the air as Russian involvement reportedly complicates Magna offer Sam Abuelsamid

Over on General Motors' Europe "Driving Conversations" blog, VP John Smith has posted an update on the company's negotiations to sell a majority stake in Opel and Vauxhall. Although no final decision ...

German government approves majority sale of Opel to Magna, Russians Sam Abuelsamid

With General Motors expected to file for chapter 11 bankruptcy protection in New York on Monday morning, negotiators in Germany scrambled to finalize a deal to save Opel from insolvency. Following a ...

Saab denies talks with Fiat 7 months ago on Autoblog

On Sunday, the Financial Times reported Fiat was in the process of negotiating a deal with General Motors' European operations to take a stake in Opel, Vauxhall and Saab. Although both Fiat and its CEO, Sergio Marchionne, have confirmed talks are ongoing to acquire GM Europe while working on its ...

Fiat considering new company to combine Chrysler and GM Europe 7 months ago on Autoblog

Apparently, Fiat's alliance with Chrysler is only the beginning. According to a variety of reports coming out of the UK and Germany, the Italian automaker's expansion plans aren't limited to its 20% stake in Chrysler – Fiat is also considering acquiring General Motors' European operations, ...

Rumormill: Fiat could step in for GM in Europe, Latin America 7 months ago on Autoblog

Forget about letting the ink dry: even while negotiations have been ongoing between Fiat and Chrysler, there have been rumors of potential additional or alternative alliances which the Italian auto group has purportedly been considering. Things may have been put on hold with Chinese automaker Chery ...

Former BMW, VW boss Pischetsrieder reportedly touted as possible Opel chief 7 months ago on Autoblog

If Opel makes it out of the General Motors era alive, its dealers want a bigger say in its recovery as an independent automaker. And by a bigger say, they mean taking a 20% stake in the company – and along with it, a new CEO. One of the candidates being touted as a potential new chief ...

Opel to spin off, GM will retain stake 9 months ago on Autoblog

After a day of worker protests across Europe at various General Motors plants, news comes today from Carl-Peter Foster (above), head of GM Europe, that Opel is planning to reorganize itself as a joint-stock company. GM would basically give up between 25-50 percent of its stake in the spun off ...

GM workers protest at European plants 9 months ago on Autoblog

Just as Saab and Saturn find their futures uncertain as General Motors tries to unload as much liability as possible, so do the automaker's European brands: Opel and its counterpart in the UK, Vauxhall. Europeans, however, have a different way of dealing with the finality of job loss than we ...

Geneva '08 Preview: Opel/Vauxhall Meriva Concept 1 year ago on Autoblog

GM's European divisions are preparing to unveil their latest show car at the 2008 Geneva Motor Show next month. The Meriva Concept is Opel and Vauxhall's study for what form the next Euro minivan could take. The Meriva Concept, as previewed by the concept sketch above, draws on the previous GTC ...

Chevy and Saab set sales records in Europe 3 years ago on Autoblog

Some of GM's European executives can sleep soundly these first few weeks of August, with Saab hitting record numbers in Europe, Chevrolet being up by 9.5 percent and overall sales in Eastern Europe growing a staggering 75 percent over July of 2005 on the performance of Chevy and Opel in the ...

Corsa VXR already being readied by Vauxhall 3 years ago on Autoblog

GM Europe just took the wraps off its new Corsa three-door hatchback and already the Euro auto scene has been flooded with spy shots of a VXR model being tested under the guise of creative camouflaging. Speculation on how much power the Corsa VXR's turbocharged 1.6L will produce range from 160 bhp ...

Opel Antara image gallery previews next Saturn Vue 3 years ago on Autoblog

Considering that the recently unveiled production version of the Opel Antara will likely become the next Saturn Vue sometime between 2008 and 2009, we thought you might want to see it from all angles, including the interior. You can check out the specs in our post from yesterday, or check out GM ...

GM heading for Black Tuesday next week? 3 years ago on Autoblog

There seems to be a growing groundswell of rumors centering around a possible restructuring of GM's worldwide engineering staff. Reuters reports GM Europe as denying Thursday that it would announce engineering job reductions next week, apparently responding to this article in the Detroit Free Press, ...






Autoblog Podcast #156: Paukert comes back for more! 

Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

 
 

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