The two suitors for Opel must improve their bids to win government backing, German Economy Minister Karl-Theodor zu Guttenberg said on Sunday. On Monday, Opel parent General Motors Co.
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The two suitors for Opel must improve their bids to win government backing, German Economy Minister Karl-Theodor zu Guttenberg said on Sunday before a Monday board meeting of parent General Motors Co., which is likely to focus on Opel.
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Opel could be forced into bankruptcy if General Motors Co. and the German government fail to agree on a buyer for the unit, Bloomberg news agency reported on Saturday. The trust that controls Opel does not back an offer by Magna International Inc.
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Opel could be forced into bankruptcy if General Motors Co. and the German government fail to agree on a buyer for the unit, Bloomberg news agency reported on Saturday. The trust that controls Opel does not back an offer by Magna International Inc.
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Opel could be forced into bankruptcy if General Motors Co. and the German government fail to agree on a buyer for the unit, Bloomberg news agency reported on Saturday. The trust that controls Opel does not back an offer by Magna International Inc.
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Isn't it weird? After a decade of trying, the brand collectors have become thoroughly disheartened. Ford spins out Jaguar, Land-Rover, Mazda and Aston Martin and tries its best to bin Volvo. GM shuts brands, sells brands and tries its best to bin Saab, Vauxhall and Opel. Daimler gets rid of Chrysler Jeep and Dodge to a gullible hedge fund.
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Isn't it weird? After a decade of trying, the brand collectors have become thoroughly disheartened. Ford spins out Jaguar, Land-Rover, Mazda and Aston Martin and tries its best to bin Volvo. GM shuts brands, sells brands and tries its best to bin Saab, Vauxhall and Opel. Daimler gets rid of Chrysler Jeep and Dodge to a gullible hedge fund.
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A decision by GM on whether to sell a controlling stake in Opel and Vauxhall to parts maker Magna International or investment company RHJ International is still some way off, Opel Task Force member Thomas Schaefer told Reuters.
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A member of the German government's Opel Task Force said on Thursday that negotiations between General Motors Co. and the two competing bidders for Opel could drag on longer than expected.
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A member of the German government's Opel Task Force said on Thursday that negotiations between General Motors Co. and the two competing bidders for Opel could drag on longer than expected.
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A member of the German government's Opel Task Force said on Thursday that negotiations between General Motors Co. and the two competing bidders for Opel could drag on longer than expected.
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The revised Magna bid submitted to General Motors for Opel "contained elements around intellectual property and our Russian operations that simply could not be implemented", the automaker's top negotiator reported through the somewhat unusual medium of a website blog.
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General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
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General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
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General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
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General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
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General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
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Sberbank CEO German Gref has said the German government could this week decide on approving automaker Opel's acquisition by his bank and Magna as the latter was reported to have improved its offer.
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Magna International has increased the amount of upfront capital it would inject into its offer for Opel, a German government source said today. The revised bid leaves the total proposed investment at some 500 million euros ($713.
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Magna International has increased the amount of upfront capital it would inject into its offer for Opel, a German government source said on Tuesday. The revised bid leaves the total proposed investment at some 500 million euros ($713.
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