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Main > Car Makers News > GM > Germany: Politics won't rule GM's sale of Opel | detnews.com | The Detroit News -- General Motors Corp. isn't under any major political influence to pick a buyer for its European car business, Adam Opel GmbH, German Finance Minister Peer Steinbrueck said Saturday. Steinbrueck said he told U.S. Treasury Secretary Timothy Geithner once again that the German government favors a bid by Canadian car parts maker Magna International Inc. and Russia's state-owned Sberbank over Belgian investor RHJ International. The U.S. won't get involved in GM's decision, which could come at a board... Full article... Article added: 2009-09-07 18:08:10 Article Views Rating: 37 Main > Car Makers News > Ford > 2010 Ford Fiesta RS Calling all fast Ford fans – get ready for the ultimate Fiesta. Following our sensational pictures of the ST in Issue 994, Auto Express can now give you the best look yet at an even hotter version – the RS. Taking Fiesta performance to new heights, the exciting model will be a stripped-out, lightweight pocket rocket. It’s effectively a hardcore version of the ST, promising few creature comforts but amazing handling and even more driver appeal. The newcomer is set to rival... Full article... Article added: 2009-08-18 05:53:07 Article Views Rating: 300 Main > Car Makers News > Fiat > Fiat Takes over One More Company The Italian automobile company, Gruppo Bertone or Carozzeria Bertone specializes on car styling, coach building and manufacturing. Since 1912 it has been improving the images of various Italian cars among which are Lamborghini Miura, the Alfa Romeo Giulietta Sprint and the Fiat X1/9. It has also done some designing work for foreign manufacturers like Volvo, Volkswagen, Mercedes-Benz, Skoda and Citroen.Since early 2008 Bertone has been under court protection from bankruptcy. Several representatives... Full article... Article added: 2009-08-17 04:19:59 Article Views Rating: 141 Main > Car Makers News > GM > New GM group to oversee company's global alliances | detnews.com | The Detroit News General Motors Co. has formed a high-profile corporate planning and alliances group headed by Group Vice President John Smith as part of a series of organizational changes. Smith is now negotiating the sale of a majority stake in GM's German carmaker, Adam Opel GmbH, but GM plans to retain a substantial holding and keep Opel in its global product development network. "John has been our point person on our negotiations involving Opel, and the title is reflective of that work," said Tom Pyden, a GM... Full article... Article added: 2009-08-17 04:19:53 Article Views Rating: 36 Main > Car Makers News > Opel > 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... Full article... Article added: 2009-05-25 05:23:18 Article Views Rating: 288 Main > Car Makers News > Opel > 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... Full article... Article added: 2009-05-25 05:23:17 Article Views Rating: 212 Main > Car Makers News > Opel > 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... Full article... Article added: 2009-05-25 05:23:16 Article Views Rating: 164 Main > Car Makers News > Opel > 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... Full article... Article added: 2009-05-25 05:23:15 Article Views Rating: 141 Main > Car Makers News > Opel > 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... Full article... Article added: 2009-05-25 05:23:15 Article Views Rating: 115 Main > Car Makers News > Other > 2010 Camaro gets more power | detnews.com | The Detroit News With a V-6 as powerful as some competitors' V-8s, and with a V-8 developed for the Corvette, the 2010 Chevrolet Camaro is not short on performance. Still, some people want even more, and John Hennessey hopes to provide it. Hennessey built his reputation as a high-performance car tuner with his version of the Dodge Viper. He's branched out into other makes and models and recently launched his spin on the new Camaro. Tuning cars, said Hennessey, was "a hobby that got out of control" for 15 years. But five... Full article... Article added: 2009-05-25 05:23:12 Article Views Rating: 80 |
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