Cars
And the plot thickens... Citing sources close to Magna International, German newspaper 'Welt am Sonntag' is reporting that if the Austrian-Canadian auto-parts maker wins the battle against Fiat S.p.A. and acquires a controlling stake in General Motors' Opel - Vauxhall division, then there's a strong possibility that it could "loan" Opel's production capacity to other makers such as Ford or Peugeot if the automaker is forced to reduce output.
- Magna Says Gm Agreement Forbids Sale Of Opel Cars In The U.s. And China
Even though General Motors has kept a significant 35-percent stake in its European division, the agreement with Opel's new owner, a Magna-led consortium, does not allow the latter to sell Opel cars in the United States and for the time being, in China...
- Breaking: Report Claims That Gm And Magna Reach Preliminary Deal On Opel - Vauxhall
Citing an unnamed source close to the negotiations, Reuters reported on Friday that General Motors has reached a preliminary deal with Canadian auto parts supplier Magna International on the sale of Opel and Vauxhall. "We have an agreement in principle...
- European Opel And Vauxhall Dealers Want To Buy 20% Stake From General Motors
Instead of waiting for fate to strike, Opel and Vauxhall dealers in Europe have decided to take matters into their own hands by making a proposition to buy a direct equity stake in the European automaker that has been put up for sale by General Motors....
- Gm: Opel's New Owner To Be Chosen By End Of May
In a news conference in Detroit today, General Motors CEO Fritz Henderson told reporters that the company will single out a buyer for Opel and its British sister brand Vauxhall, before the end of May. "We are speaking with multiple bidders. We would like...
- Report: Abu Dhabi Royal Family Interested In Gm's Opel Unit
German newspaper Westdeutsche Allgemeine Zeitung as well as Reuters are reporting that Rainer Einenkel, head of the works council at General Motors' Opel plant in Bochum, Germany, confirmed talks between a high-ranking member of the Abu Dhabi royal...
Cars
Report: GM's Opel Could Build Cars for Other Makers if Acquired by Magna
And the plot thickens... Citing sources close to Magna International, German newspaper 'Welt am Sonntag' is reporting that if the Austrian-Canadian auto-parts maker wins the battle against Fiat S.p.A. and acquires a controlling stake in General Motors' Opel - Vauxhall division, then there's a strong possibility that it could "loan" Opel's production capacity to other makers such as Ford or Peugeot if the automaker is forced to reduce output.Fyrthermore, the German newspaper claims that while Magna has no intention of closing any plants in Germany, it may shut down GM's European plants in Antwerp, Belgium and Luton, England.
Via: Yahoo News
- Magna Says Gm Agreement Forbids Sale Of Opel Cars In The U.s. And China
Even though General Motors has kept a significant 35-percent stake in its European division, the agreement with Opel's new owner, a Magna-led consortium, does not allow the latter to sell Opel cars in the United States and for the time being, in China...
- Breaking: Report Claims That Gm And Magna Reach Preliminary Deal On Opel - Vauxhall
Citing an unnamed source close to the negotiations, Reuters reported on Friday that General Motors has reached a preliminary deal with Canadian auto parts supplier Magna International on the sale of Opel and Vauxhall. "We have an agreement in principle...
- European Opel And Vauxhall Dealers Want To Buy 20% Stake From General Motors
Instead of waiting for fate to strike, Opel and Vauxhall dealers in Europe have decided to take matters into their own hands by making a proposition to buy a direct equity stake in the European automaker that has been put up for sale by General Motors....
- Gm: Opel's New Owner To Be Chosen By End Of May
In a news conference in Detroit today, General Motors CEO Fritz Henderson told reporters that the company will single out a buyer for Opel and its British sister brand Vauxhall, before the end of May. "We are speaking with multiple bidders. We would like...
- Report: Abu Dhabi Royal Family Interested In Gm's Opel Unit
German newspaper Westdeutsche Allgemeine Zeitung as well as Reuters are reporting that Rainer Einenkel, head of the works council at General Motors' Opel plant in Bochum, Germany, confirmed talks between a high-ranking member of the Abu Dhabi royal...