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. Judging from our spy photos, it appears GM will give Opel a version of the Chevy Captiva. The new Opel grill is easy to see through the camouflage on this prototype, along with some impressive looking projector headlights. A chrome-ringed, lower grill...

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 companies have agreed on almost all points of the sale, and had to sign the last documents last Thursday, but European Union interfered and did not allow selling German brand to the Canadian-Russian partnership. According to the EU competition head Neelie Kroes...

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 in Opel. The cuts outlined Monday by Siegfried Wolfof Magna were broadly in line with the job reductions described in June when Magna outlined its proposal for Opel, one of General Motors Co.'s overseas subsidiaries. Wolf said about 4,500 of those cuts...

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 Magna, whether they will have enough funds for the project.In order to receive the 50.1% of Opel stake GAZ has to come up with at least $6.8 billion. Since the two companies are helping in the purchase the shares of the German auto maker will be divided...

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...

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 and Sberbank of Euro 700 million about $900 million, a portion of which would be guaranteed by the German government," Magna said in a statement. GM and the German government are reviewing the bids submitted this week for Opel, including offers from...

Report: German minister says Opel bids fall short | detnews.com | The Detroit News
BERLIN -- All three bids for General Motors Corp.'s Opel unit have shortcomings and a bankruptcy filing might still be a better option, Germany's economy minister was quoted as saying Sunday. The three bids filed last Wednesday by potential investors came from Italy's Fiat SpA, a consortium of Canadian auto parts maker Magna International Inc. and Russia's Sberbank, and U.S. buyout firm Ripplewood Holdings LLC. "We now have three offers for an Opel takeover, but that doesn't mean that one of them will...

Germany seeks better bids in battle for Opel | detnews.com | The Detroit News
-- A battle over the future of troubled General Motors Corp.'s Opel unit is heating up as Germany prepares to decide which of three potential suitors it prefers to takeover the automaker. Germany's economy minister said in an interview published Sunday that all three bids have shortcomings and made clear that an Opel bankruptcy remains an option unless the bids are improved. Meanwhile, with many German politicians preferring a bid from Canada's Magna International Inc. and Russia's Sberbank, the head of...

Sneak peek: Next-generation Opel/Saturn Astra | detnews.com | The Detroit News
The new profile -- the front fascia and the massive rear bumper with the parted taillights -- are visible on the next-generation Opel/Saturn Astra. The new car looks somewhat sleeker and yet more elegant. The Astra also seems to have very interesting headlight clusters with a jeweled arrangement at the top of the housing. Besides the 5-door model pictured here, Opel has an estate "Caravan"; a convertible "Twin Top"; and the 3-door "GTC" in the pipeline, all following the 5-doors introduction, one by...

Opel Ampera, new Euro Volt
Opel is set to reveal the Ampera Electric car at this year’s Geneva Motor Show, effectively unveiling the European design for the Chevrolet Volt.The five-door, four-seat Opel Ampera uses an identical platform to the Volt, utilising GM’s Voltec electric propulsion technology. Like its North American sibling, the Ampera is capable of short trips up to 60km on batter power alone charged via a standard household power outlet.“With the Ampera, Opel will be the first European automobile...