Comments on: Magna to buy into Opel – report

By: FrugalOne

FrugalOne — Sun, 14 Jun 2009 14:37:58 +0000

I dont believe FIAT are out of the equation just yet.

More to follow i feel……

Cheers

F-0

By: onepoppa

onepoppa — Mon, 01 Jun 2009 08:02:35 +0000

High Horser,

Magna is Canadian. The Russian bank is a 35% partner – as is GM – Magna has 20%. The plan is to use the Russian GAZ company, to produce Opels in Russia. Gaz currently assembles the Dodge Stratus in Russia. Magna also owns Steyr in Austria which assembles Chrysler Jeeps for Europe.

By: High Horser

High Horser — Sun, 31 May 2009 13:08:39 +0000

Magna is owned by a Russian trucking company.

By: Frenchie

Frenchie — Sun, 31 May 2009 12:51:29 +0000

Reckless, after China, Russia is GM biggest market and most third most profitable.

Magna are going to have a good future.

By: Duck

Duck — Sun, 31 May 2009 07:38:05 +0000

Cupid Stunt Says:
May 30th, 2009 at 5:47 am
“Along with Alex as well I reckon that Opel need to come up with a car name that doesn’t end in “A”. It neither big nor clever. To a point it makes me cringe, Astra, Corsa, Vectra, Meriva, Zafira, Agila, Omega, Ampera, Antara, Sintra, Tigra, Viva,Frontera, Calibra Aaaaaaaaaaggghhhhh!!!
Please please please think outside the circle Opel/Vauxhall soooo 80’s.”

I guess they do have a lot of car names that end with ‘A’. But not every car they have ends in ‘A’.

But what about the Vivaro, Combo, Movano and GT?

By: Bor'ka

Bor'ka — Sun, 31 May 2009 05:28:57 +0000

Reckless1, firstly Russia is actually a capitalist country now. Secondly, Ford has a one of their focus plants there, and they aren’t on the verge of bankruptcy as oppossed to GM, so possibly not the worst decision.

By: Reckless1

Reckless1 — Sun, 31 May 2009 00:02:55 +0000

Frenchie, investing billions into Russia as a westener has “you will lose everything” written all over it.

I’d probably rather invest in North Korea………

I’m pretty sure the easiest decision made by GM was to “stay out of russia, we’re losing enough as it is…..”

By: Frenchie

Frenchie — Sat, 30 May 2009 10:53:02 +0000

No High Horser, they (Magna) want to push (Opel) into the Russian market.

Magna will have to set up and expand some car plants in former eastern block countries and/or Russia where labour is much cheaper. Something GM was slow/relunctant to do.

By: High Horser

High Horser — Sat, 30 May 2009 04:30:00 +0000

So the Germans would rather be run my a Russian company than Fiat.
I think in the end I can see another car company buying out Magna, I think Porsche.

By: Reckless1

Reckless1 — Fri, 29 May 2009 22:52:02 +0000

Yeah, Magna, Corolla, Vienta, Fiesta, Cortina, etc, etc.

Damn that Opel for such a bad , bad thing.

Some people are justa stupida, ya ?