Cars
According to a statement made to the press today by Germany's Finance Minister Peer Steinbrueck, China's Beijing Automotive Industry Corp (BAIC) had submitted an offer for GM's Opel division but the bid came too late for the government to assess it in depth. It is expected that the German government will make an announcement on their preferred bidder for Opel by the end of the week. Aside from Italian carmaker Fiat S.p.A and Canadian autoparts maker Magna International, Belgium-listed industrial holding company RHJ International has also made an official offer for GM's European unit.
- Breaking News: Koenigsegg Terminates Agreement To Buy Saab From General Motors
General Motors has just announced that the proposed sale of its Saab unit to a consortium led by Swedish sports car maker Koenigsegg has been canceled. And this time, it's not because the Detroit automaker wanted to keep Saab as was the case with...
- 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...
- Breaking: Fiat Group Submits Offer For Gm's Opel And Vauxhall Units
Italy's Fiat Group has just issued a 'Spartan' press release announcing that today it has officially submitted an offer for General Motors' European businesses of Opel and Vauxhall. The Italian automaker did not disclose any details whatsoever...
- 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...
- 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...
Cars
Red Flag? German Minister Says Chinese Bid for Opel came too Late
According to a statement made to the press today by Germany's Finance Minister Peer Steinbrueck, China's Beijing Automotive Industry Corp (BAIC) had submitted an offer for GM's Opel division but the bid came too late for the government to assess it in depth. It is expected that the German government will make an announcement on their preferred bidder for Opel by the end of the week. Aside from Italian carmaker Fiat S.p.A and Canadian autoparts maker Magna International, Belgium-listed industrial holding company RHJ International has also made an official offer for GM's European unit. Via: Forbes
- Breaking News: Koenigsegg Terminates Agreement To Buy Saab From General Motors
General Motors has just announced that the proposed sale of its Saab unit to a consortium led by Swedish sports car maker Koenigsegg has been canceled. And this time, it's not because the Detroit automaker wanted to keep Saab as was the case with...
- 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...
- Breaking: Fiat Group Submits Offer For Gm's Opel And Vauxhall Units
Italy's Fiat Group has just issued a 'Spartan' press release announcing that today it has officially submitted an offer for General Motors' European businesses of Opel and Vauxhall. The Italian automaker did not disclose any details whatsoever...
- 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...
- 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...