Cars
They say, where there’s smoke, there’s fire, and true enough in the case of GM’s relationship with its European subsidiary Opel, there seems to be a lot of smoke piling up lately. Just yesterday, press reports from Auto Bild and Spiegel Online said that GM is looking for a buyer, but the news was quickly dismissed by spokespeople from both Opel and the government of Germany's state of Thuringia, home to one of the brand’s factories.
- Gm Boss Wants The Opel Cascada And Adam In The U.s. As Buicks
Only days ago we reported that Dan Akerson, General Motors’ CEO, wants Opel/Vauxhall and Buick to be even more closely bound, even though they already share three models – Opel Insignia/Buick Regal, Opel Astra Sedan/Buick Verano and Opel...
- Opel Denies Report That The Next Zafira Will Be Developed By Psa Peugeot-citroën
The more General Motors European division and PSA Peugeot-Citroën deepen their newly formed strategic partnership, the more rumors come out. Earlier today, Germany's Spiegel magazine and Frankfurter Allgemeine Zeitung business daily reported...
- Carl-peter Forster Leaves Opel, Bob Lutz Rumored To Chair The German Firm's Board
GM Group vice president and CEO of Opel, Carl-Peter Forster has left his post as the head of the company's European operations only three days after GM's decision to terminate a deal to sell its Opel unit to Magna. While neither side gave a reason...
- 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...
- 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 Fed up with Opel, but a Sale isn’t on the Table
They say, where there’s smoke, there’s fire, and true enough in the case of GM’s relationship with its European subsidiary Opel, there seems to be a lot of smoke piling up lately. Just yesterday, press reports from Auto Bild and Spiegel Online said that GM is looking for a buyer, but the news was quickly dismissed by spokespeople from both Opel and the government of Germany's state of Thuringia, home to one of the brand’s factories.
Today, Reuters came out with a new report saying the Detroit automaker is “frustrated†with its money-losing Opel brand and is “considering options for a turnaroundâ€, noting, however, that a sale of the Opel brand is highly unlikely.
"Akerson is fed up with Opel, and the turnaround isn't gaining traction," a unnamed source who is close to the GM CEO told Reuters. "He is trying to think of all possibilities to improve performance. But a sale is wishful thinking,†the source added.
Read more »- Gm Boss Wants The Opel Cascada And Adam In The U.s. As Buicks
Only days ago we reported that Dan Akerson, General Motors’ CEO, wants Opel/Vauxhall and Buick to be even more closely bound, even though they already share three models – Opel Insignia/Buick Regal, Opel Astra Sedan/Buick Verano and Opel...
- Opel Denies Report That The Next Zafira Will Be Developed By Psa Peugeot-citroën
The more General Motors European division and PSA Peugeot-Citroën deepen their newly formed strategic partnership, the more rumors come out. Earlier today, Germany's Spiegel magazine and Frankfurter Allgemeine Zeitung business daily reported...
- Carl-peter Forster Leaves Opel, Bob Lutz Rumored To Chair The German Firm's Board
GM Group vice president and CEO of Opel, Carl-Peter Forster has left his post as the head of the company's European operations only three days after GM's decision to terminate a deal to sell its Opel unit to Magna. While neither side gave a reason...
- 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...
- 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...