Opel/Vauxhall’s new minicar will be a trendsetter in its segment
To meet the growing demand in Europe for small, fashionable cars, Opel/Vauxhall has a new minicar planned that it expects to set the trend in its segment. In an interview at the Geneva... Read more
German states still prefer Magna’s offer for Opel
Rallying behind Magna are the German states (Rhineland-Palatinate, Hesse, North Rhine-Westphalia and Thuringia) where Opel factories are based, Reuters reports. These states expressed... Read more
Russian president ready to support Magna and Sberbank for Opel takeover
As part of Russian president Dmitry Medvedev's trip to Munich, Germany this week, he will be expressing his support of Magna and Sberbank's takeover of Opel/Vauxhall from GM. A Kremlin... Read more
Report: GM and Nissan confident that U.K. government will escape spending cuts
Despite the threat of spending cuts, the UK units of General Motors Co. and Nissan Motor Co. remain optimistic that the new coalition government will ensure that funding for the loans... Read more
Magna to announce Opel takeover within five weeks
In a matter of five weeks Magna International and the state run Russian bank Sberbank will know if they will be finalizing their takeover of Opel. July 15 is the date set for finalizing... Read more
Breaking: Saab to be wound down
General Motors announced today that the sale of its Saab brand would not be concluded. This came after the withdrawal of Koenigsegg Group AB last month and due to the certain issues that... Read more
Magna posts a second quarter loss of $205 million
Magna International reported a loss of $205 million in the second quarter. From April to June, it recorded a 45% drop of year-on-year sales to $3.5 billion . Magna has been on the news... Read more
Europe must gain the technological lead in electric mobility, says GM’s Nick Reilly
General Motors Europe President Nick Reilly remarked that Europe needs to gain the lead in developing technology for electric mobility or its rivals in Asia will "enjoy [its] market... Read more
Nick Reilly is the new head of GM’s Opel/ Vauxhall unit
On top of being the new head of General Motors Co.'s Opel/Vauxhall unit, Nick Reilly will also have the responsibility of overseeing the Chevrolet brand in Europe. In a conference call... Read more
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