RHJ International wants to save Vauxhall plants
As part of its bid for the European arm of General Motors, RHJ International has vowed that the two Vauxhall plants in the UK will remain open, according to a report from Autocar. Last... Read more
German government offering aid to Opel if Magna will be the buyer
Magna International's future as the new owner of Opel/Vauxhall is looking brighter with Germany's statement that it will provide 4.5 billion euros ($6.35 billion) in state aid if General... 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
Magna wants to cut a fifth of Vauxhall’s workforce
A fifth of Vauxhall's workforce will be cut if Magna wins the bid for Opel/Vauxhall, according to a leaked document revealed by the Times newspaper. These proposal documents were... Read more
BAIC out of Opel race! RHJ International and Magna continue the battle!
BAIC is no longer in the running to buy GM's Opel/Vauxhall, according to John Smith, the deal's chief negotiator. That is the latest development in the negotiations, which could only be... Read more
Magna likely to be the new owner of Opel
General Motors and Canadian parts supplier Magna are near to closing a deal on the sale of Opel. Reports are saying that out of the original 26 points of dispute between the two firms,... Read more
Report: Opel sale delayed again until at least October
The identity of the new owner of Opel/Vauxhall will remain unknown until at least October. General Motor's board is expected to drag the takeover issue further, according to German... 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
German chancellor says that Magna must buy Opel
Throwing her full support to Magna International's bid for Opel/Vauxhall, German chancellor Angela Merkel said that if necessary, she will intervene personally to make it win the deal. In... 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
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