Germany scrambled on Wednesday to put a plan in place to protect carmaker Opel from a looming bankruptcy filing by U.S. parent General Motors.
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Germany aims to narrow the field of bidders for General Motors unit Opel on Wednesday and reach a deal to provide the carmaker with temporary financing should its U.S. parent file for bankruptcy.
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Bidders for German carmaker Opel are being pressed to make last-minute changes to their offers ahead of a meeting on Wednesday that could narrow the field of potential investors in the General Motors unit.
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Chrysler has submitted three proposals totalling US$448m for two US Department of Energy (DOE) initiatives aimed at rapid vehicle electrification - the Transportation Electrification Initiative and Electric Drive Vehicle Battery and Component Manufacturing Initiative.
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A bid for carmaker Opel by China's Beijing Automotive Industry Corp. (BAIC) came too late for the government to assess it in depth, German Finance Minister Peer Steinbrueck said on Wednesday.
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Magna International's bid to buy Germany's iconic Opel brand is a gamble on the future of the auto industry in Europe. It also provide Magna's billionaire founder a chance to cement his legacy.
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Magna International's bid to buy Germany's iconic Opel brand is a gamble on the future of the auto industry in Europe. It also provide Magna's billionaire founder a chance to cement his legacy.
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Magna International's bid to buy Germany's iconic Opel brand is a gamble on the future of the auto industry in Europe. It also provide Magna's billionaire founder a chance to cement his legacy.
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Nissan and car rental firm Europcar have announced that they are forming a partnership to market electric vehicles by 2010 and 'advance zero-emission mobility on a global scale'.
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Chrysler faces its day of judgement today (27 May) as a bankruptcy court judge rules on a sale of its key assets to give the ailing automaker a fresh start in a partnership with Italy's Fiat.
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The German cabinet could agree to grant Opel bridge financing, finance minister Peer Steinbrueck said on Wednesday.
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An acquisition of Opel by Beijing Automotive Industry Corp (BAIC), the fourth interested party that did not make it before the deadline for the official bids, would be strategically sensible, experts have said.
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As the race for Opel enters a critical phase in which the German government chooses a preferred bidder, analysts are concluding that the political backdrop in Germany and the need for concessions on capacity reductions threatens to undermine the benefits that a Fiat-Opel merger could bring.
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The clock is ticking for GM Europe!
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Best shots yet reveal innovative MPV's interior for first time.
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Design studies show how BMW, Lamborghini and Ferrari supercars could look
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Brilliant Button turns on the magic in Monaco.
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Details on Ford's new Focus-based Capri, MINI celebrates its 50th birthday, Escort Cosworth faces of against new Focus RS, Ford Mustang driven
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The future of General Motors' Opel, Vauxhall and Saab divisions should be settled at a European level and not country by country, Belgium's prime minister, and premier of the Flanders region where Opel's Antwerp factory employs 2,600 workers, has said.
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A General Motors bankruptcy - the largest ever in US industrial history - now appears inevitable after the automaker failed to persuade enough bondholders to accept a debt-for-equity swap last night.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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