Report: GM Puts Opel Sale to Magna On Hold

Report: GM Puts Opel Sale to Magna On Hold
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The sale of GM’s European Opel division to Russian-backed Canadian autoparts maker Magna has been put on hold. The on-again, off-again saga is off-again as GM board is set to meet on November 3rd to review changes to the agreement. The changes, include a request by the German Economy Minister to GM, asking the company… Continue Reading...

Report: General Motors Considering Keeping European Opel Unit

Report: General Motors Considering Keeping European Opel Unit
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After announcing earlier this week that it has not reached a deal to sell Opel, General Motors is now apparently exploring options to keep the European unit. This news comes as a surprise considering selling off Opel is a part of the company’s viability plan as submitted to the U.S. government in order to receive… Continue Reading...

Magna Bid to Buy Opel May Fall Through as GM Poised to Sign Agreement With Rival Bidder

Magna Bid to Buy Opel May Fall Through as GM Poised to Sign Agreement With Rival Bidder
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After continued rumors that General Motors was still shopping-around its European Opel operations, it appears as though a new buyer has been found. RHJ International, a Belgian company has been cited as the latest bidder and apparently a tentative deal could be signed by the end of the week. Initially Opel was slated to be… Continue Reading...
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