Magna International has improved its offer for Opel, a German government source said on Tuesday.
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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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A report in the UK daily newspaper The Guardian says that Opel/Vauxhall bidder Magna would cut almost 1,200 Vauxhall jobs in Britain, including 830 at the Ellesmere Port plant (which currently employs 2,200) on Merseyside.
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Opel's union demanded greater say in the process of selecting a future investor for the German carmaker and called on former parent General Motors to forgo any right to buy back a stake at a later point.
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Opel's union demanded greater say in the process of selecting a future investor for the German carmaker and called on former parent General Motors to forgo any right to buy back a stake at a later point.
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Opel's union demanded greater say in the process of selecting a future investor for the German carmaker and called on former parent General Motors to forgo any right to buy back a stake at a later point.
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RHJ International, a bidder for Opel, is not ruling out selling Opel back to U.S. parent General Motors after returning it to health, RHJ's CEO told a German newspaper on Sunday.
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RHJ International, a bidder for Opel, is not ruling out selling Opel back to U.S. parent General Motors after returning it to health, RHJ's CEO told a German newspaper on Sunday.
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RHJ International, a bidder for Opel, is not ruling out selling Opel back to U.S. parent General Motors after returning it to health, RHJ's CEO told a German newspaper on Sunday.
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RHJ International, a bidder for Opel, is not ruling out selling Opel back to U.S. parent General Motors after returning it to health, RHJ's CEO told a German newspaper on Sunday.
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Three stories dominated the autobiz news this week: the ongoing VW-Porsche merger and Opel sale sagas and Ford's second quarter results.
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New Ghost will feature turbo engine that propels the car from 0-60mph in 4.7 seconds
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China's Beijing Auto said intellectual property issues were behind its failure to reach a deal to buy General Motors' Opel-Vauxhall unit.
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China's Beijing Automotive Industry Corp. said on Friday it had failed to reach an agreement with General Motors Co. on the sale of Opel due to intellectual property issues.
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China's Beijing Automotive Industry Corp. said on Friday it had failed to reach an agreement with General Motors Co. on the sale of Opel due to intellectual property issues.
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China's Beijing Automotive Industry Corp. said on Friday it had failed to reach an agreement with General Motors Co. on the sale of Opel due to intellectual property issues.
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China's Beijing Automotive Industry Corp. said on Friday it had failed to reach an agreement with General Motors Co. on the sale of Opel due to intellectual property issues.
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General Motors has ruled out a bid from China's BAIC for Opel and will continue talks with the other two contenders.
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General Motors' European business said on Thursday it will continue detailed talks with Magna International and RHJ International on its German unit Opel.
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