GM backflips on Opel sale

General Motors (GM) has cancelled plans to sell a majority stake in its European car business Opel, including its UK brand Vauxhall.

GM said in a statement that its board had made the decision because of “an improving business environment for GM over the past few months”.
GM had agreed to sell Opel and Vauxhall to Canadian [...]

New Astra takes home Golden Steering Wheel award

European car buffs have handed the Vauxhall/Opel Astra its first major trophy last over night in Berlin, by winning the Golden Steering Wheel in the compact class. It is the most prestigious award issued by Auto Bild magazines group. This year’s election involved readers in 26 European countries, representing more than 40 million readers overall.

The [...]

GM to sell Opel to Magna by Thursday

With Hummer and SAAB out of the way, General Motors Co. is likely to finalise a deal to sell its European brand Opel to a group led by Magna International Inc., according to reports from Germany.

The deal which was already agreed to more than a month ago hit turbulence with labor union demands for a [...]

2010 Opel Meriva spy pics

Proof at last! Here’s the first images revealing Opel’s FlexDoor system for the new Meriva without an inch of disguise. It was first previewed on the Meriva Concept which debuted at the 2007 Geneva Motor Show. The new generation Mervia has once again been spotted undergoing testing in southern Europe.

Losing more and more of its [...]

GM to sell Opel to Magna by end of November

The General Motors board has chosen to sell 55 per cent of its European subsidiary Opel/Vauxhall to Canadian parts manufacturer Magna International and its Russian partner Sberbank by November 30th.

A senior executive from General Motors said it should close a deal with Magna and Sberbank by the  November deadline.
“I see no obstacles [...]

2014 Opel Astra Coupe – Spy Pics

CarAdvice has today received the renderings of Opel’s upcoming 2014 Astra Coupe.

The images show smooth flowing lines with a rear end not dissimilar to Mazda’s current 3.

GM still wants to sell Opel; Germany

Germany believes the management of General Motors Company is still committed to finding a buyer for its European unit Opel/Vauxhall, government officials said after talks with the US carmaker in Berlin.

At a meeting last Friday, GM’s board of directors postponed a decision on management’s proposals to relinquish a controlling stake in Opel either to Canadian [...]

GM angers Germany over Opel decision

The game of brinkmanship that General Motors has been playing over the future of its loss-making European subsidiary, GM Europe, which makes Opel and Vauxhall vehicles, has started to unravel it would seem.

GM has been suggesting for more than a week that it was about to decide between two suitors for Opel/Vauxhall and would announce [...]

GM pushing to conclude Opel sale

General Motors Company has no intention of reopening the sale process for its European operations, which build Opel and Vauxhall vehicles, and remains intent on reaching a deal with one of the two remaining bidders as quickly as possible.

GM Chief Financial Officer Ray Young said the company was looking to wrap up the Opel/Vauxhall sale [...]

Magna offers more for Opel/Vauxhall

Canadian car parts maker Magna International offered to increase the amount of upfront capital it would invest in Opel/Vauxhall as part of a bid for the General Motors’ European unit, several sources have said according to Reuters Newsagency.

The revised bid leaves the total proposed amount at some 500 million euros (US$714 million), but tilts the [...]

Bidder could sell Opel back to GM

In a move that flies in the face of the expressed opinions of the German government, which controls the purse strings and the essentially the process on the future of General Motors troubled European unit, one bidder is reported to have acknowledged it could sell Opel/Vauxhall back to the US company.

RHJ International, a bidder for [...]

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