| Submit Your Article | |
| Contact Us | |
| Our RSS Feed | |
| Our Blog | |
|
|
Saab and Opel Will Be Sold Very Soon |
General Motors is happy to announce that the sale of Saab and Opel is coming to the final talks. There have been several candidates, but the manufacturer has the number of them to final three for each brand.
There have been 10 companies bidding on the Saab. GM says that May will be spent on talks with the final three. The automaker does not officially announce them, but according to one version the three candidates are BMW, Renault and Tata Motors, according to the other one Fiat is one of the potential purchasers of the Swedish brand.
Opel is also going to be sold soon. One of the major candidates is the Canadian auto parts supplier Magna which plans to do it in partnership with Russian VAZ. The other two are Fiat and Ripplewood Holdings.
The Italian automaker, Fiat is really active recently. If everything goes as the manufacturer plans, Fiat might merge with GM Europe and turn out as the number-two automaker in the world being behind only Toyota.
[source]
Add your comment:
Russian Manufacturer Plans to Purchase Opel
Russian number-one auto manufacturer, GAZ, is planning to purchase Opel, the brand that was one of the three General Motors planned to sell. At this moment GAZ is talking with its main creditors, Russia’s Sberbank and Canadian auto parts maker... More »
Magna says Opel could shed 10,500 jobs | detnews.com | The Detroit News
-- As many as 10,500 jobs at Adam Opel GmbH, or about 20 percent of the work force, may be eliminated as part of a restructuring plan for the German carmaker, said the co-chief executive of Magna International Inc., one of the prospective new investors... More »
Opel Sale: to Be or not to Be
Opel deal still remains unsolved and now General Motors thinks about keeping the brand. So far the spokesman of the company says they would not comment anything on Opel story. Just couple months ago the deal with Magna-VAZ seemed very clear, the... More »
Sneak peek: Opel Antara | detnews.com | The Detroit News
If you thought the end of the Saturn brand would affect only car buyers in America, think again. The Opel Antara on the roads today has shared a body and interior with the Saturn Vue. Now that the Vue is going away, the Antara needs a new body double... More »
Magna confirms bid for Opel | detnews.com | The Detroit News
Canadian supplier Magna International Inc. said Friday that it had teamed up with Russian financial institution Sberbank Rossii to bid for General Motors Corp.'s ailing German carmaker Adam Opel GmbH. "The offer contemplates a total investment by Magna... More »
More...
