Exclusive images from the opening day of MINI's birthday bonanza
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Exclusive images from the opening day of MINI's birthday bonanza
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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.
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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.
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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.
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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.
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A fourth bidder has shown an interest in acquiring General Motors' European Opel and Vauxhall brands.
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It looks as though Buczek Automotive's fate is sealed.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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