May
22nd
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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May
22nd
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May
22nd
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German Chancellor Angela Merkel and Roland Koch, leader of Opel's home state of Hesse, were due to meet today (22 May) to discuss the three bids submitted on Wednesday for the General Motors' division. Full story...
May
22nd
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General Motors has agreed concessions with the United Auto Workers (UAW) union and is now racing against the clock to persuade bondholders to eliminate US$27bn in debt and avoid a bankruptcy filing. Full story...
May
22nd
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Russian carmaker GAZ is not looking to acquire a stake in Opel if Canada's Magna International wins the race for Germany's carmaker, the firm said on Friday. Magna is bidding for Opel in alliance with GAZ and Russia's largest bank, Sberbank. Full story...
May
22nd
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Volkswagen is to build a ZAR200m (US$24m) car parts distribution facility in Centurion, Gauteng Province, close to Johannesburg in South Africa. Full story...
May
22nd
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A fourth bidder has shown an interest in acquiring General Motors' European Opel and Vauxhall brands. Full story...
May
22nd
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It looks as though Buczek Automotive's fate is sealed. Full story...
May
22nd
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José Eugênio Pinheiro has worked 40 years at General Motors do Brasil and his obsession for manufacturing and productivity gains has delivered excellent results. Full story...
May
22nd
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Russia's largest lender Sberbank is discussing the possibility of providing a financial guarantee as part of Austrian-Canadian auto parts supplier Magna International's bid for German carmaker Opel, sources said on Friday. Full story...
May
22nd
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Sberbank , Russia's largest lender, is considering providing a financial guarantee as part of Austrian-Canadian auto parts supplier Magna International's bid for German automaker Opel, a bank shareholder said on Friday. Full story...
May
22nd
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The premier of Opel's home state of Hesse said on Friday that Austrian-Canadian group Magna International's offer for the carmaker was the most attractive for Germany and that Fiat's rival bid was disappointing. Full story...
May
22nd
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German Vice Chancellor Frank-Walter Steinmeier said on Friday that out of the three bids for General Motors unit Opel, he wanted the bid by Magna International to be closely examined. Full story...
May
22nd
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Magna International emerged on Friday as a favorite to acquire General Motors' Opel unit after top German officials said the Canadian car parts group had submitted a better plan than rival bidders Fiat S.p.A. Full story...
May
22nd
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Magna International emerged on Friday as a favorite to acquire General Motors' Opel unit after top German officials said the Canadian car parts group had submitted a better plan than rival bidders Fiat S.p.A. Full story...
May
22nd
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Fiat S.p.A. submitted two versions of its offer for General Motors units Opel and Vauxhall, one with and one without a bid for GM's Latin American operations, people familiar with the matter told Automotive News Europe today. Full story...
May
22nd
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Russia may broaden the list of new cars eligible for state-subsidized loans after an earlier effort to stimulate sales failed to attract buyers in significant numbers, the industry and trade ministry said. Full story...
May
22nd
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Fiat S.p.A. has signed an agreement to set up a car manufacturing venture with China's Guangzhou Automobile Industry Group, the Shanghai Securities News said on Friday, citing the Chinese automaker's general manager. Full story...
May
22nd
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Fiat S.p.A.'s CEO sees his company in the lead to win in the race for Opel, but a German magazine said parent company General Motors favored other bidders over the Italian automaker. Full story...
May
22nd
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Porsche denied on Thursday that it had filed an application for aid that a government source had said had been rejected. Full story...