Comments on: GM pushing to conclude Opel sale

By: jon

jon — Fri, 14 Aug 2009 06:56:04 +0000

Just for the record Holden don`t have any money, what they have is our taxes. So Holden would never in their wildest dreams afford Opel.

By: Daniel. W

Daniel. W — Fri, 14 Aug 2009 02:08:18 +0000

Is Vauxhall included in the Opel sale or are they going to start sourcing cars from elsewhere?…

By: RalphSerra

RalphSerra — Thu, 13 Aug 2009 23:53:25 +0000

Will Opel ever be sold in AUS again?

It wont be Holden selling them so a new company will have to be formed.

The FIAT Group was the best option as they are already present in most markets with a ready to go dealer-network, and *free* use of MultiAir

Time will tell!

By: Tim

Tim — Thu, 13 Aug 2009 13:25:58 +0000

Actually no, GM Daewoo nearly went belly up not because of GM’s other brands not paying them, it was because sales of GM Daewoo cars and kits tanked by half, so their sales went from 0.9 million cars in 2008 to 261,000 for the first half this year. Their losses in 2008 was $US702 million, and as of December they were $US6.8billion in debt. This is a division in a very very bad way, and if Opel had the labour flexibility that GM Daewoo has, there’d be a fair chance GM would have held onto Opel and cut away GM Daewoo instead.

I could tell you to do some research given thats two strikes now, but that would just be snide.

By: Jae

Jae — Thu, 13 Aug 2009 12:36:51 +0000

Nope… Daewoo only got a government loan because of the huge amount of money owed to it by other GM companies. Because GM wasnt paying daewoo the amount owed, it didnt have enough money to function.

Seriously, some research before writing comments do wonders

By: Tim

Tim — Thu, 13 Aug 2009 12:00:02 +0000

Lol yeah sorry I missed that

By: Shak

Shak — Thu, 13 Aug 2009 11:33:09 +0000

Tim i think thats what JAE meant.

By: Tim

Tim — Thu, 13 Aug 2009 10:26:42 +0000

^^^ Profitable? Its getting a bailout from the Korean government and has racked up huge losses. But I’d say it’ll be cheaper to get Daewoo profitable than Opel, given the difference in labour markets.

By: Jae

Jae — Thu, 13 Aug 2009 10:14:56 +0000

They are keeping Daewoo as it is a profitable company unlike Opel…

By: Shak

Shak — Thu, 13 Aug 2009 08:51:20 +0000

This is just my own litte fantasy, but if Holden had the moolah they could buy opel and then we may just get the Astra, Insignia and the Corsa. Just maybe……