Auto News 5

A meeting on Wednesday between General Motors and German government officials will not yield a decision on which bidder will succeed in taking a stake in Opel, a German government source said on Tuesday. Full story...

A meeting on Wednesday between General Motors and German government officials will not yield a decision on which bidder will succeed in taking a stake in Opel, a German government source said. Full story...

General Motors said Monday that it had received three binding takeover offers for Opel that it would consider together with the European countries that would be affected by the deal. Full story...

AURORA, ON, Canada and MOSCOW, Russia, July 21 /CNW/ - Magna International Inc. ("Magna") (TSX: MG.A, NYSE: MGA) and Savings Bank of the Russian Federation ("Sberbank") (RTS: SBER, MISEX: SBER03) today announced that Magna and Sberbank have jointly submitted a revised offer to acquire a 55% interest in Adam Opel GmbH ("Opel") as part of a proposed solution that is intended to assure the long-term viability of Opel. Full story...

General Motors has said in a statement that it has received final offers for a stake in Opel/Vauxhall from three bidders. Full story...

General Motors has said in a statement that it has received final offers for a stake in Opel/Vauxhall from three bidders. Full story...

Opel racked up EUR1.861bn in losses between 2003 and 2007, Financial Times Deutschland reported on Monday. Full story...

Opel bidder Magna has finally made gave its first public commitment to producing the new Vauxhall Astra at Ellesmere Port and continuing production of the Vivaro van line at its Luton plant until at least 2013. Full story...

A Magna International-led consortium of bidders for Opel today will make a new offer that includes a demand for rights to its intellectual property, a Russian newspaper reported. Full story...

A Magna International-led consortium of bidders for Opel on Monday will make a new offer that includes a demand for rights to its intellectual property, a Russian newspaper reported, a Russian newspaper reported. Full story...

A Magna-led consortium of bidders for Opel will make a new offer for the German carmaker on Monday that includes a demand for rights to its intellectual property, a Russian newspaper reported. Full story...

General Motors said today that it had received three binding takeover offers for Opel that it would consider together with the European countries that would be affected by the deal.The once heavily favored consortium of Magna International Inc. Full story...

General Motors said today that it had received three binding takeover offers for Opel that it would consider together with the European countries that would be affected by the deal. Full story...

Hours before a deadline expired to submit final offers for Opel, a consortium led by Magna International has made a surprise change in its bid for General Motors' European automaker that may mark a concession to critics. Full story...

Hours before a deadline expired to submit final offers for Opel, a consortium led by Magna International Inc. has made a surprise change in its bid for General Motors' European automaker that may mark a concession to critics. Full story...

Hours before a deadline expired to submit final offers for Opel, a consortium led by Magna International has made a surprise change in its bid for General Motors' European automaker that may mark a concession to critics. Full story...

A Magna International-led consortium of bidders for Opel on Monday will make a new offer that includes a demand for rights to its intellectual property, a Russian newspaper reported. Full story...

A German government minister has ruled out General Motors inserting a clause in any Opel sale deal to buy back majority control later. Full story...

A Magna-led consortium of bidders will make a new offer for Opel on Monday which includes a demand for rights to Opel's intellectual property, a Russian newspaper reported. Full story...

Germany's economics minister ruled out any attempt by General Motors to include an option to buy back majority control of Opel as part of a deal to give up more than 50 percent of its German unit in exchange for state aid. Full story...