General Motors Vice Chairman Steve Girsky says that Opel is not for sale
Opel is not for sale but rather, its officials are looking at implementing plans so that the company’s issues would be resolved, according to General Motors Vice Chairman Steve Girsky who... Read more
GM dropped plans to sell Opel and Vauxhall two years ago, report says
According to U.S. diplomatic cables that Wikileaks has obtained, General Motors Co. dropped a plan to sell its Vauxhall and Opel brands two years ago as the intended buyers were demanding... Read more
Some Opel dealers open to the takeover of the GM subsidiary by a Chinese automaker
Some of the biggest dealers of Opel seem to be open to the idea of a Chinese vehicle manufacturer taking over the General Motors Co. unit. According to them, separating from GM would let... Read more
GM assures Opel CEO that the company is not for sale
According to German newspaper Handelsblatt, citing a person familiar with the situation, General Motors is not in negotiations to sell its European arm, Opel, to a rival company. The... Read more
German Chancellor Angela Merkel asks GM to clarify reports regarding Opel sale
German Chancellor Angela Merkel is asking General Motors Co. to clarify reports that it was thinking of putting Opel up for sale again. Last Friday, German government spokesman Steffen... Read more
GM denies reports that it plans to sell Opel/Vauxhall
The government of Germany's state of Thuringia has dismissed press reports that General Motors Co. is selling its European unit Opel/Vauxhall, stating that the information is “nonsense.”... Read more
The Opel saga continues: Magna the final buyer?
Which company will be rewarded the deal to buy a stake in Opel/Vauxhall from GM? That's the question on everyone's lips. If Magna co-CEO Siegfried Wolf is to be believed, the Canadian... Read more
Magna raises its offer to buy Opel
The plot thickens as Magna raised its offer to buy Opel from General Motors, according to a source inside the German government. Instead of a 100 million euro offer which it would have... Read more
GAZ shows interest in Opel
Vladimir Putin, the Russian Prime Minister, at the request of Magna, has said that the Russian conglomerate GAZ is contemplating a 30 percent stake in Opel. It was made crystal clear by... Read more
BAIC bids for Opel
The latest reports show that Beijing Automotive Industry Holdings (BAIC) submitted a non-binding offer to buy Opel/Vauxhall from GM while a biding offer is set to be made these days.... 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
Deadline for the final binding bids for Opel
Deadline for the final binding bids for Vauxhall/Opel was Monday, July 20. Three potential buyers (Magna, RHJ International, and Beijing Automotive Industry or BAIC) are vying for the win... Read more
Opel to be sold by the end of this month
GM said that it has been talking with many potential buyers and has revealed that the new owner of Opel will be decided by the end of this month. The carmaker said further that the owner... Read more
Sale of Opel to Magna approved by the German government
An outline agreement between GM and Magna International has almost been reached for the acquisition of Vauxhall and Opel. Currently, GM and the government of Germany are coming up with a... Read more
Sberbank may sell its stake in Opel to another Russian bank
The hurdles are not over for the planned takeover of Magna International and Sberbank of General Motor's Opel/Vauxhall segment. Sberbank, Russia's biggest lender, is looking for a... Read more
Opel sale delayed after Germany’s federal elections
Is Germany's conservative party not as unified as it was perceived to be? That seems to be the case as a member of the party has asked to delay the decision about the fate of General... Read more
Opel has the liquidity to operate until next year
A senior member of Chancellor Angela Merkel's Christian Democrats, shared his opinion on the conflict surrounding the bidding process for Opel/Vauxhall, which General Motors is intending... Read more
RHJ International still has big chance of buying Opel
Opel CEO Leonhard Fischer declared that despite the support that the German government has given to Magna, RHJ International still has an excellent chance of being awarded the opportunity... Read more
Royal Family of Abu Dhabi interested in acquiring Opel
The royal family of Abu Dhabi revealed the fact that it is interested in taking over Opel, says the German newspaper Allgemeine Zeitung. It seems that the UAE are interested in buying... Read more
Negotiations over the sale of Vauxhall and Opel break down
General Motors, the parent company of Vauxhall and Opel made a last-minute request for a 300 million Euro emergency loan thereby breaking down the negotiations over the sale of the two... Read more
The Opel sale continues: RHJ International joins the club
Another entity has joined the fiery negotiations over which the company will get to own GM's Vauxhall/Opel. Belgian private equity firm RHJ International claimed it was now in advanced... Read more
Report: GM to finalize Opel sale this Thursday
General Motors will likely sign the contract regarding the sale of a majority stake in Opel on Thursday, says Automotive News citing sources close to the negotiations. For those who don't... Read more
Opel deal could be completed before the end of this week
GM, the parent company of Vauxhall and Opel, will soon decide, together with the German Government, with whom they will close up the deal for selling both brands. The best offers came... Read more
Opel sale in doubt… again
In an unexpected turn of events, the economy minister of Germany has reopened the auction of Vauxhall and Opel, thereby effectively throwing Magna International's bid into uncertain... Read more
Daimler not interested in Opel
GM but welcomes a third-party owner and it would help in facilitating the transfer. Among the potential saviors of Opel, BMW was also named. The move of the carmaker toward economical... Read more
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