vauxhall

Magna and Opel Ready to Deal?
Magna and Opel Ready to Deal?

The purchase of Opel reads like a daytime soap opera romance - too many suitors, lots of drama, and a fair amount of threats and protests. But in the end, it looks like Magna will come away with the girl, with a tentative agreement worth $2.1 billion reached today. The deal will provide emergency...Read More»

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Opel Assistance Deal Thin On Details Says German Gov't

Yesterday German Economy Minister Karl-Theodor zu Guttenberg, on his way from Germany to the U.S. for talks with GM and U.S. government officials, called upon more information from GM regarding its proposed solution for ailing Opel. He claims that GM's plan for Opel, its German division, is thin on...Read More»

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GM Wants $4.2 Billion European Aid For Opel Restructuring

Today GM of Europe announced a restructuring plan that would spin Opel off into a separate business unit to save "as many jobs and factories as possible" according to Automotive News. But GM can't do it alone; they claim to need 3.3 billion euros in state aid (approximately $4.18 billion). This in...Read More»

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