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opel sale

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    Opinion: Five reasons why GM would be better off without Opel

    Sale Denials Aside, GM's Future Looks Brighter With One Less European Partner If GM can find a way to kick its German unit to the curb, it will do so in a heartbeat. Even though the recent rumors of Opel being sold by General Motors to Fiat were roundly denied, there is still a lot of ...

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    Report: Wikileaks docs show GM in scrap with Kremlin over Opel sale two years ago

    As it turns out, General Motors may have nixed the sale of its Opel and Vauxhall brands in 2009 due to the fact that the proposed buyers added 31 amendments to the deal after it was signed. The news comes courtesy of reports that cite U.S. diplomatic cables obtained by Wikileaks. Some of those ...

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    Report: GM once again mulling sale of Opel?

    The rumormill is churning at full steam over whispers that General Motors is once again considering selling Opel. According to Reuters, two German magazines have reported similar tales without citing any sources, saying that GM is concerned that Opel won't be able to return to profitability ...

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    BREAKING: GM board opts to call off Opel sale

    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 ...

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

    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 has been made yet, it's looking increasingly likely that the previous tentative agreement with ...

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    German economics minister reportedly says no to Opel buy-back option for GM

    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 ...

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    German government approves majority sale of Opel to Magna, Russians

    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 six-hour meeting in the German Chancellor's office in Berlin on Friday evening, a deal was finally ...

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    REPORT: Opel's 'preferred' buyer(s) expected to be named mid-week

    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 ...

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    REPORT: Magna could use Opel to produce vehicles for other automakers

    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 ...


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