German solar company SolarWorld on Wednesday announced a surprise plan to offer to buy General Motors' four German Opel plants as well as its research center in Ruesselsheim, Germany.
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General Motors today said its German subsidiary Opel is not for sale.
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Opel is considering cutting working hours in all of its European plants to 30 hours.
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A panel of journalists from 23 European countries has just chosen the Opel / Vauxhall Insignia as their 2009 Car of the Year. Beating out 3 dozen other contenders for first place is a big deal for the brand, especially considering that twenty of the 59 voters ranked the machine in first place.
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Michelin has developed a tyre - the highly energy-efficient Michelin Primacy HP - specifically for the new Opel/Vauxhall Insignia ecoFLEX.
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European Union Industry Commissioner Guenter Verheugen on Tuesday signalled support for a German offer to help ailing carmaker Opel, saying he welcomed measures that would prevent the firm from disappearing.
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News that the German government will bail out Opel if difficulties at its parent company, GM, means it does run out of funds, are not without controversy.
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German Chancellor Angela Merkel has said that the German government is ready to guarantee funds for Opel, if that becomes necessary.
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The German government is ready to guarantee funds for ailing carmaker Opel but any money it provides to the General Motors' unit must stay in Germany, Chancellor Angela Merkel said on Monday.
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In what are troubled times for Opel and its General Motors parent company comes a rare but welcome bright spot: The Opel/Vauxhall Insignia has been voted European Car of the Year 2009.
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The German Chancellor Angela Merkel is holding crisis talks today with executives of Opel.
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The German government will do everything necessary to help carmaker Opel but must make sure competition rules are respected and that any aid does not trigger a flood of demands for help, a spokesman said on Monday.
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The German government will do everything necessary to help carmaker Opel but must make sure competition rules are respected and that any aid does not trigger a flood of demands for help, a spokesman said on Monday.
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The German government is ready to talk with troubled carmaker Opel, but will not offer blanket aid to entire industries suffering due to the financial crisis, Finance Minister Peer Steinbrueck said.
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General Motors' Adam Opel unit has asked the German federal and state governments for guarantees to help it weather tough times for the automotive industry, an Opel spokesman said on Friday.
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Opel has asked the German Chancellor Angela Merkel for support.
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BFGoodrich Tire Manufacturing will lay off up to 40% of employees at its Opelika and Tuscaloosa plants in Alabama and Fort Wayne, Indiana, manufacturing plants, according to an agreement published on a union website.
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General Motors Europe will have more temporary plant shutdowns this year and next year because of likely poor financial results and collapsing sales of its key Opel brand.
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General Motors' German unit Opel has declined to comment on a local newspaper report it may extend production suspensions to all of its European plants for several weeks in November and December.
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General Motors' German unit Opel has declined to comment on a local newspaper report it may extend production suspensions to all of its European plants for several weeks in November and December.
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