Post Tagged with: "Opel"

Opel’s Nick Reilly Clears Some Stuff Up — Expect New Opel Mini-Car

General Motors’ new President of European operators, Nick Reilly, made quite a few statements which concern the future of Opel. Nick Reilly was speaking at a press conference where he said that the Opel brand cannot obtain money from the US as GM-USA doesn’t have enough extra cash lying around. The money is also for restructuring in the States, and […]

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Volkswagen Has Said That Magna Will Benefit From The Opel Decision

General Motor’s decision to drop the Opel sale will apparently help the Volkswagen brand create a partnership with Magna International, the Opel-bid winner. The German brand, VW, said that they would work with Magna as long as they do not become a competitor. “If Magna doesn’t act like a competitor, we will continue to do business as usual,” a spokesman […]

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Germany Says That GM Should Sponsor Opel

General Motors CEO, Fritz Henderson has been chillin’ out in Germany in an attempt to try and mend broken hearts, and ill-relationships caused by the whole Opel catastrophe. GM has announced that they would like to scrap the Magna deal in order to keep the Opel brand. Henderson said that GM could soon seek a bit of cash from the […]

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GM’s Nick Reilly Will Head Opel On A Temporary Basis

General Motors has announced that their executive vice president and head of international operators, Nick Reilly, will take over the Opel and Vauxhall brands. The 59 year old Reilly will take over from Carl-Peter Forster who suddenly quit after he didn’t get his way GM decided to not go with Magna. GM said that Reilly will take the job on […]

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Carl-Peter Forster Has Left The Opel

Opel’s CEO, and GM Group vice president, Carl-Peter Forster has left his job at the European company only three days after the Magna sale was called off. There were no reasons for the departure, but it could be due to the former CEO being very pro-Magna. “The past few years building the Opel brand has been a tremendous personal opportunity,” […]

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GM Has Been Accused Of Blackmail And Intimidation

Opel workers have complained that GM’s decision revolving around the German brand are not worthy. Opel workers feel that the brand will not be able to survive under the US ownership. GM has also been accused of “threats, blackmail and intimidation”, as Opel labor leader Klaus Franz said in a report. Officials have said that GM might face many problems […]

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General Motors Will Cut About 10,000 Opel Jobs

Despite the fact that General Motors are now looking to once again keep the Opel brand, the company will still have to cut jobs. While many complained about Magna International having to cut jobs, it seems that this is in fact inevitable. GM are expected to cut about 10,000 jobs in the Opel brand. “We had negotiated a good restructuring […]

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Hey GM! The German Government Wants Their Money Back!

General Motors has decided that they will indeed keep the Opel brand, and this has sadly upset the German government. The government has now said that they want their 1.5 billion euro loan back, and the GM company will have to pay for it. German Economy Minister Rainer Bruederle said that the change of mind regarding the Opel brand is […]

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General Motors Have Decided That They Will Keep The Opel Brand

The board of directors at General Motors have said that they are now, once again, interested in keeping the Opel brand. The details revolving around this saga are scarce, and the board has said that Opel and Vauxhall are important parts of GM success. General Motors recently put 55 percent of Opel up for sale, where the most successful candidate […]

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Opel Has Released News On Their New 2010 Corsa ecoFLEX

Opel has released its new Corsa ecoFLEX which is powered by a 1.3-litre CDTI diesel engine using a variable geometry turbocharger. The engine will allow the Corsa to move towards a greener future of lower emissions and better fuel consumption. The power on the new Corsa ecoFLEX has been boosted by 28 percent, while the CO2 emissions are down by […]

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Germany Might ONCE AGAIN Reconsider The GM-Opel Sale

Germany’s new government will apparently take another look at the General Motors-Opel-Magna sale. The new government might consider an arrangement between the the companies in order to keep Opel as a GM brand. “The new government will take another look at decisions made up to now on Opel and imminent conditions to be set by the European Commission,” trust member […]

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General Motors Are Still Willing To Sell Opel… It’s Becoming An On-Off Deal

After a load of rumours stating that General Motors might still keep the Opel brand, it was said that the General are still interested in selling the brand to Magna International. GM CEO Fritz Henderson said that an Opel-Magna deal would be best for the company. “I think right now there is no other buyer for the business and the […]

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GM Will Discuss Other Possible Options For Opel

General Motors might have a Plan B to keep the Opel brand. The General is currently undergoing a meeting to decide on whether or not the Magna International and Opel deal has broke European Competition laws. “At the moment, the GM board is having a new discussion on this, taking into account the letter from Mrs. Kroes,” Opel Trust Chairman […]

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Confirmed! The Opel Insignia Will Come To The US As The Buick Regal

General Motors has announced that the name of the new mid-size Buick sedan will in fact be the Regal. The new Buick Regal is expected to be pretty much identical to the Chinese market Buick Regal (pictured). For those clued up on the Regal, you will realise that the Opel Insignia from Europe is in fact the same thing. The […]

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The Opel-Magna Deal Will Be Finished This Week

Opel’s boss, Klaus Franz, has revealed that Magna International will soon take hold of 55 percent of the German brand. The are of course still a few points that need to be settled, but it’s pretty much said that the final approval will be this week. “We are on the home stretch but there a few more points to clear […]

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