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GM backflips on Opel sale

Matt Brogan — Thu, 05 Nov 2009 00:36:35 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

GM backflips on Opel sale

New Astra takes home Golden Steering Wheel award

Matt Brogan — Wed, 04 Nov 2009 21:26:27 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

New Astra takes home Golden Steering Wheel award

GM to sell Opel to Magna by Thursday

Alborz Fallah — Wed, 14 Oct 2009 00:01:30 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

GM to sell Opel to Magna by Thursday

2010 Opel Meriva spy pics

Matt Brogan — Thu, 24 Sep 2009 06:43:04 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

2010 Opel Meriva spy pics

GM to sell Opel to Magna by end of November

Matt Brogan — Thu, 10 Sep 2009 22:43:04 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

GM to sell Opel to Magna by end of November

2014 Opel Astra Coupe – Spy Pics

Matt Brogan — Wed, 02 Sep 2009 22:44:01 +0000

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. Although we’ve yet to hear any conclusive facts about the car itself, we’re pretty certain that if the pics are anything to go by, Opel is on a winner. Original [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

2014 Opel Astra Coupe – Spy Pics

GM still wants to sell Opel; Germany

David Twomey — Wed, 26 Aug 2009 01:10:00 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

GM still wants to sell Opel; Germany

GM angers Germany over Opel decision

David Twomey — Mon, 24 Aug 2009 06:17:12 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

GM angers Germany over Opel decision

GM pushing to conclude Opel sale

David Twomey — Thu, 13 Aug 2009 04:53:11 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

GM pushing to conclude Opel sale

Magna offers more for Opel/Vauxhall

David Twomey — Wed, 29 Jul 2009 03:25:23 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Magna offers more for Opel/Vauxhall

Bidder could sell Opel back to GM

David Twomey — Sun, 26 Jul 2009 20:07:59 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Bidder could sell Opel back to GM

GM takes clean sweep of management

David Twomey — Fri, 24 Jul 2009 00:42:24 +0000

General Motors Company, the US government controlled company that has taken over the ‘good’ parts of GM, has swept the broom through senior management, announcing major changes in more than 20 senior roles. Most significant, and interestingly indicating a trend for moving senior GM Europe staff back to the US before that business is sold off, [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

GM takes clean sweep of management

Germany, GM disagree on Opel future

David Twomey — Thu, 23 Jul 2009 02:40:33 +0000

Canadian car parts maker Magna is still Germany’s preferred partner to take a majority stake in GM Europe, Chancellor Angela Merkel has said, setting the stage for a showdown with General Motors over the takeover bids. Officials from the German government and GM discussed the three offers for the loss-making European subsidiary that builds Opel and [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Germany, GM disagree on Opel future

No decision soon on GM Europe

David Twomey — Wed, 22 Jul 2009 05:43:04 +0000

Newsagency reports indicate that a meeting in Berlin later today will not resolve the future of the loss-making GM Europe subsidiary of General motors The meeting between US carmaker General Motors and German government officials will not yield a decision on which bidder will succeed in taking a stake in the company that produces Opel and [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

No decision soon on GM Europe

GM gets three final bids for Opel

David Twomey — Tue, 21 Jul 2009 19:34:52 +0000

General Motors said Monday that it had received three binding takeover offers for Opel that it would consider together with the European countries that would be affected by the deal. In a surprise move, the once heavily favoured consortium of Magna International Inc. and Sberbank changed its plans at the last minute and agreed that they [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

GM gets three final bids for Opel

No GM buy back of Opel; German minister

David Twomey — Sun, 19 Jul 2009 23:01:05 +0000

Germany’s economics minister has ruled out any attempt by General Motors to include an option to buy back majority control of GM Europe, which produces Opel and Vauxhall vehicles, as part of a deal to give up more than 50 per cent of its German subsidiary in exchange for state aid. “This is incompatible with our [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

No GM buy back of Opel; German minister

Opel talks with Belgium’s RHJ move froward

Matt Brogan — Tue, 14 Jul 2009 00:22:26 +0000

Belgium’s RHJ International has emerged this week as a strong rival to Magna International in bidding for GMs’ German arm Opel. The holding firm, which is linked to the US buyout company Ripplewood, said it is in advanced talks to buy a majority stake in Opel and wants to agree on a preliminary deal with GM [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Opel talks with Belgium’s RHJ move froward

China submits bid for Opel/Vauxhall – report

Matt Brogan — Mon, 06 Jul 2009 01:32:30 +0000

Despite already having a signed agreement with Magna International, a report from German newspaper Frankfurter Allegemeine Zeitung today says GM is considering a bid by China’s Beijing Automotive Industry Holding Corporation (BAIC) for a majority share of Opel. The deal, worth a reported 660 million Euros, could be made binding as early as the end of [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

China submits bid for Opel/Vauxhall – report

Opel/Vauxhall future decided soon

David Twomey — Fri, 03 Jul 2009 07:52:18 +0000

While General Motors thrashes out the intricacies of its future in a US bankruptcy court, across in Europe the future of its loss-making Opel/Vauxhall subsidiary also hangs in the balance. It seems increasingly likely that a majority chunk of GM Europe will end up in the hands of Canadian car parts maker Magna International and its [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Opel/Vauxhall future decided soon

New-generation Vauxhall Astra interior unveiled

George Skentzos — Mon, 22 Jun 2009 10:45:53 +0000

Vauxhall has released the first official interior images of the upcoming new generation Astra which will debut at this year’s Frankfurt Motor Show. The interior design echoes the Astra’s flowing exterior and engineered towards premium design and quality – representing the next step in Vauxhall’s design evolution, preceded by the Insignia from which it draws much [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

New-generation Vauxhall Astra interior unveiled