British Business Secretary Peter Mandelson said the UK is closer to agreeing on a financing package to support Magna's takeover of Opel and its sister brand Vauxhall.
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British Business Secretary Peter Mandelson said the UK is closer to agreeing a financing package to support Magna's takeover of Opel and its sister brand Vauxhall.
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Magna thinks it can close a contract to buy a majority stake in carmaker Opel from General Motors even as GM's board weighs its final word, Magna's co-CEO said. "I am convinced that we will sign the contract soon if the EU...agrees.
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Magna thinks it can close a contract to buy a majority stake in carmaker Opel from General Motors even as GM's board weighs its final word, Magna's co-CEO said. "I am convinced that we will sign the contract soon if the EU...agrees.
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Labour unions at Opel's Spanish plant have called off four strike days after workers on Monday approved a deal with the Magna International-led consortium bidding for a majority stake in the automaker, a union spokeswoman said.
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Germany's new government will take a fresh look at the planned sale of Opel unit, and may consider an arrangement where the carmaker remains within General Motors, a newspaper reported on Tuesday.
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Germany's new government will take a fresh look at the planned sale of Opel unit, and may consider an arrangement where the carmaker remains within General Motors, a newspaper reported today.
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Germany's new government will take a fresh look at the planned sale of Opel unit, and may consider an arrangement where the carmaker remains within General Motors, a newspaper reported today.
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Germany's new government will take a fresh look at the planned sale of Opel unit, and may consider an arrangement where the carmaker remains within General Motors, a newspaper reported on Tuesday.
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The old General Motors plant in Delaware that until July cranked out sports cars for Pontiac, Saturn and Opel will be sold and retooled to build plug-in hybrids with UAW workers.
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The old General Motors plant in Delaware that until July cranked out sports cars for Pontiac, Saturn and Opel will be sold and retooled to build plug-in hybrids with UAW workers.
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The old General Motors plant in Delaware that until July cranked out sports cars for Pontiac, Saturn and Opel will be sold and retooled to build plug-in hybrids with UAW workers.
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The old General Motors plant in Delaware that until July cranked out sports cars for Pontiac, Saturn and Opel will be sold and retooled to build plug-in hybrids with UAW workers.
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General Motors (GM) will not acknowledge that choosing Opel's buyers happened without political pressure, daily Financial Times Deutschland (FTD) said, citing GM sources.
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The European Commission has given itself until 27 November to rule on whether Magna's purchase of General Motors' European arm Opel poses competition concerns, it said on Monday.
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Kaliningrad-based automaker Avtotor has launched production of Opel's Astra and Zafira models, the company said on Monday.
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Workers at the Opel plant in Spain on Monday voted to accept a Magna International plan that would see the loss of 900 jobs, unions have said.
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Magna on Monday moved closer to clinching its takeover of Opel with approval from Spanish plant workers as the clock ticks down to a Nov. 3 board meeting at which GM is set to decide on the deal.
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Magna and Sberbank have notified EU antitrust regulators of their plan to buy GM's Opel unit, the European Commission said. The commission has set a November 27 deadline for it to decide whether to approve the takeover.
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Magna on Monday moved closer to clinching its takeover of Opel with approval from Spanish plant workers as the clock ticks down to a Nov. 3 board meeting at which GM is set to decide on the deal.
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