#RHJInternational

Report: GM Puts Opel Sale to Magna On Hold

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.

Colum Wood Oct 23, 2009

Report: General Motors Considering Keeping European Opel Unit

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.

Colum Wood Aug 25, 2009

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

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.

Colum Wood Jun 30, 2009