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Oct
26th

Magna’s takeover of Opel moves closer as Spain gives go-ahead

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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. Full story...
Oct
26th

Magna, Sberbank notify EU of Opel takeover plan

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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. Full story...
Oct
26th

US/GERMANY: GM delays Opel decision to next week

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General Motors' management board will discuss the sale of 55% of Opel and Vauxhall to a consortium led by Magna International at its next regular meeting on 3 November, GM's chief negotiator John Smith has said. Full story...
Oct
23rd

GM hits the brakes on Opel deal; no signing with Magna this week

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General Motors Co. put on hold a deal to sell a 55 percent stake in carmaker Opel to a Russian-backed consortium led by Canadian auto parts group Magna International Inc., GM's chief negotiator on the deal said on Friday. Full story...
Oct
23rd

GM hits the brakes on Opel deal; no signing with Magna this week

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General Motors Co. put on hold a deal to sell a 55 percent stake in carmaker Opel to a Russian-backed consortium led by Canadian auto parts group Magna International Inc., GM's chief negotiator on the deal said today. No sale can proceed until the U. Full story...
Oct
23rd

OPEL SALE: Deal rejection could close Spanish plant – minister

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Magna may close Opel's Spanish plant if workers reject a new deal to keep it open at the cost of 900 jobs, Spain's industry minister has said. Full story...
Oct
23rd

Spain says a ‘no’ vote by Opel workers may endanger plant

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Canadian car parts suppliers Magna International Inc. may close Opel's Spanish plant if workers reject a deal to keep it open at the cost of 900 jobs, Spain's industry minister said. Full story...
Oct
22nd

RUSSIA: Avtotor to fully assemble Opel models

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Kaliningrad-based automaker Avtotor plans to launch full assembly, including welding and painting, of Opel's Astra and Zafira models on 26 October, the company said. Full story...
Oct
22nd

Magna agrees to reduce job cuts at Opel factory in Spain

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Spanish unions have reached an initial agreement with Magna International Inc. over job cuts at Opel's Zaragoza plant, the leading trade union groups UGT and CCOO said on Thursday. Magna has agreed to keep the plant intact until the summer of 2011. Full story...
Oct
22nd

OPEL SALE: Deal seen (again) by weekend

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Where have we heard this before? The final signing of Opel's sale to the Canadian group Magna International could take place by the weekend. Full story...
Oct
21st

GM CEO reconfirms support for Opel-Magna deal

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General Motors Co. remains committed to closing a deal to sell its European Opel unit to a group led by Magna International Inc., the automaker's CEO told U.S. cable television station CNBC on Wednesday. Full story...
Oct
21st

CEO Henderson says Opel-Magna deal is ‘in the best interest of GM’

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General Motors Co. remains committed to closing a deal to sell its European Opel unit to a group led by Magna International Inc., the automaker's CEO told U.S. cable television station CNBC on Wednesday. Full story...
Oct
21st

BELGIUM: EC will not block Opel sale

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The European Commission will not stop the sale of a majority stake in Opel to a Magna International-led consortium. Full story...
Oct
21st

Collectible Classic: 1968-1973 Opel GT

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Collectible Classic: 1968-1973 Opel GT
1968-1973 Opel GT - Opel GT Collectible Classic Car - Automobile Magazine
Opel's greatest stateside success.

In tortured fits and starts, General Motors' Opel brand has had a presence in North America that began more than fifty years ago. These days, with GM emerging from bankruptcy, Opel is struggling for survival on its German home turf and is in the process of yoking itself (or not) to a new corporate master as some of its current products, thinly disguised as Saturns, are left to twist in the wind.


Photo Gallery: 1968-1973 Opel GT - Opel GT Collectible Classic Car - Automobile Magazine

Photo Gallery: 1968-1973 Opel GT - Opel GT Collectible Classic Car - Automobile Magazine


Full story...
Oct
20th

SPAIN: Opel workers plans four deal protest strike days

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Workers at Opel's Corsa plant at Figueruelas, near Zaragoza, in Spain will hold four one-day strikes in protest at job and production cuts included in Magna's proposed takeover of the automaker, a union leader has said Full story...
Oct
20th

GERMANY: Opel Trust chief warns of cash crunch

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Opel Trust chief Fred Irwin has warned the automaker could run out of cash within three months unless a deal to sell a majority stake to the Magna consortium happens fast. Full story...
Oct
20th

GM’s board to discuss EU concerns over Opel sale

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General Motors Co.'s board was expected to meet Tuesday or Wednesday to consider a letter from EU competition authorities that raises doubts about the fairness of the bidding battle for Opel. Full story...
Oct
19th

GERMANY: GM has Opel ‘plan B’ ready just in case

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General Motors has a 'plan B' ready should the EU block its planned sale of European unit Opel/Vauxhall, press reports said on Monday. Full story...
Oct
18th

BELGIUM/GERMANY [updated 12:35BST]: Government denies GM-Opel-Magna scrutiny needed

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There is no need to question the decision to provide EUR4.5bn in aid for General Motors' Adam Opel unit and there is no need to repeat the bidding process, German government spokesman Ulrich Wilhelm said on Monday. Full story...
Oct
18th

BELGIUM: EU concerns delay GM-Opel-Magna deal

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Concerns raised by EU competition regulators have apparently delayed the signing of the proposed deal for GM to sell a majority stake in Opel/Vauxhall to Magna/Sberbank. Full story...
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