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.
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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...
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...
A stalemate between General Motors and Germany could be emerging over their preferences for competing bids between RHJ International and Magna International to buy GM's European carmaker Opel.
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A stalemate between General Motors and Germany could be emerging over their preferences for competing bids between RHJ International and Magna International to buy GM's European carmaker Opel.
Full story...
A stalemate between General Motors and Germany could be emerging over their preferences for competing bids between RHJ International and Magna International to buy GM's European carmaker Opel.
Full story...
A stalemate between General Motors and Germany may be emerging over their preferences for competing bids between RHJ International and Magna to buy GM's Opel unit.
Full story...
GM marketing boss Bob Lutz now says no to a Chevy Caprice spawned from the Pontiac G8; the latest on Opel; and Saleen has two new 'Stangs in the stable...But Wait, There's More!
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GM is likely to pick a buyer for Opel/Vauxhall next week according to several media reports. In other developments, the German Chancellor expressed support for Magna's bid, while RHJ said it would keep German plants open and its CEO dampened GM 'buy-back clause' speculation.
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Belgian financial investor RHJ International offered $387.6 million for a 50.1 percent stake in General Motors' Opel business in a last-ditch effort to beat rival suitors led by Magna International.
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Belgian financial investor RHJ International offered 275 million euros ($387.6 million) for a 50.1 percent stake in General Motors' Opel business in a last-ditch effort to beat rival suitors.
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Belgian financial investor RHJ International offered 275 million euros ($387.6 million) for a 50.1 percent stake in General Motors' Opel business in a last-ditch effort to beat out rival suitors.
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German Chancellor Angela Merkel said on Thursday she backed Magna International's bid for carmaker Opel and that her government aimed to clear up the outstanding questions as soon as possible.
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The German economics ministry has denied a report that investment group RHJ International is emerging as the ministry's favourite to take over General Motors' European Opel/Vauxhall operations, despite the Magna International-led consortium being selected as the preferred bidder.
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Germany dismissed a report on Thursday that RHJ International had overtaken Magna International as the front-runner to take over Opel, saying the race remained wide open.
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German Chancellor Angela Merkel expressed support today for Magna International's bid for Opel and said her government aimed to clear up outstanding questions in the next few days.
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German Chancellor Angela Merkel expressed support today for Magna International's bid for Opel and said her government aimed to clear up outstanding questions in the next few days.
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Germany dismissed a report on Thursday that RHJ International had overtaken Magna International as the front-runner to take over Opel, saying the race remained wide open.
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Germany dismissed a report on Thursday that RHJ International had overtaken Magna International as the front-runner to take over Opel, saying the race remained wide open.
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Germany sees Magna International as the front-runner to take over Opel, but it would reassess its position if another buyer for the General Motors unit emerged. China's Beijing Automotive Industry Corp.
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