GM President and CEO Fritz Henderson to Hold Media Briefing Monday - Will This Be THE Announcement?
May 31, 2009
DETROIT - May 29, 2009: General Motors President and CEO Fritz Henderson will host a press conference on Monday, June 1. The conference will be around mid-day at the GM Building, 767 Fifth Avenue, in New York. Although no specific details regarding the briefing have been announced, given the fast and furious rumors of ... Continue reading
Germany Picks Magna to Buy Opel
May 30, 2009
RUSSELSHEIM - May 30, 2009: It was announced early this morning that German Chancellor Angela Merkel's government has chosen Magna International Inc. as the buyer for General Motors Corp.âs Opel brand and that a financing plan aimed at helping the money-losing unit avert insolvency has been arranged. Magna, the Ca ... Continue reading
Obama Administration Welcomes GM-Opel Deal
May 30, 2009
WASHINGTON, May 30, 2009; Reuters reported tht the Obama administration on Saturday welcomed a deal clinched by Germany with Canadian auto parts group Magna (MGa.TO), General Motors (GM.N) and the U.S. government to save German carmaker Opel from the imminent bankruptcy of its U.S. parent. "This deal is a positive step ... Continue reading
The Battle For Opel Heats Up - Fiat Vs Magna
May 25, 2009
FRANKFURT/BERLIN May 24, 2009; Nicola Leske and Andreas Moeser writing for Reuters reported that Magna International and Fiat have improved their offers for General Motors unit Opel ahead of a crucial week in which the German government is expected to decide which bid to back. German Chancellor Angela Merkel will hold ... Continue reading
Magna Purchase Plan Calls For 10,000 Job Cuts at Opel in Europe
May 22, 2009
BERLIN, May 22, 2009; Andreas Moeser writing for Reuters reported that Magna International's concept for German carmaker Opel foresees 10,000 jobs cuts in Europe, including 2,500 in Germany, Rhineland-Palatinate state premier Kurt Beck said on Friday. A competing offer by Italian carmaker Fiat included plans for 12,000 ... Continue reading
May 21, 2009
BERLIN/FRANKFURT May 20, 2009; Noah Barkin and Christiaan Hetzner writing for Reuters reported that the pursuit of German carmaker Opel has narrowed to a three-way race between Italy's Fiat (FIA.MI), Canadian-Austrian car parts group Magna (MGa.TO) and investment firm RHJ International. In North America, bankrupt U.S. ... Continue reading
Insignia OPC Sports Tourer: New High-Performance Wagon from Opel
May 20, 2009
Like the Insignia OPC sedan, the Sports Tourer is full of technological highlights. The OPC engine is 25 percent more powerful than the 260 hp version of the 2.8 V6 Turbo in the Insignia Sport and Cosmo. The increase in power was obtained by reworking the exhaust, significantly reducing the counter pressure, with speci ... Continue reading
Opel Insignia Wins Design Award from Auto Bild Magazine
May 15, 2009
The Opel Insignia Sports Tourer won the AUTO BILD Design Award 2009, beating 11 competitors in the "Sedan and Station Wagon" category. ... Continue reading
Opel Dealers to Vote on Taking Ownership
May 15, 2009
Opel's 4,000 dealers in Europe are expected to vote in favor of taking a direct equity stake in the ailing German carmaker when they meet in Vienna on Friday. The umbrella association Euroda wants all of its dealers to contribute 150 euros from every sold car over the next three years into a joint fund that could raise ... Continue reading
Opel to Present New Astra at 2009 Frankfurt Motor Show - VIDEO ENHANCED
May 13, 2009
The new Opel Astra will premiere on September 17 in Frankfurt at the IAA. The new 4.42-meter long compact features an all-new mechatronic chassis, new generation of bi-xenon Advanced Forward Lighting (AFL+) and the Opel Eye front camera system, which recognizes road signs and warns the driver when the car inadvertently ... Continue reading
Reborn Fiat Confronts Past Littered With Breakdowns as It Prepares for Chrysler Alliance
May 11, 2009
MILAN May 10, 2009; Colleen Barry writing for the AP reported thatg in a perfect world, so the joke goes, the Germans are the mechanics, the Swiss are the timekeepers and the Italians are the lovers. With Fiat snapping up a 20 percent stake in Chrysler LLC and bidding for General Motors Corp.'s European car-making busi ... Continue reading
Vauxhall Pulls Out All the Stops with 110 Astravan Order
May 7, 2009
There was no stopping Vauxhall Commercial Vehicles when it came to meeting an urgent order from leading road and rail infrastructure maintenance company Amey to supply 110 Astravans. ... Continue reading
RCA Students Unveil Vehicle Designs of the Future
May 7, 2009
In celebration of the 40th year of the UK's Royal College of Art (RCA) Vehicle Design course, a competition for students has reached its climax with three students on their way to Rüsselsheim following an evening of presentations to an assembled audience at the London Transport Museum. Their task: Design what the futu ... Continue reading
Fiat's Marchionne : Opel Alliance Would Create 'Immense' Cost Savings
May 5, 2009
BERLIN May 5, 2009; The AP reported that a Fiat tie-up with General Motors Corp.'s Opel unit would allow "immense" cost savings, the Italian auto maker's boss was quoted Tuesday as saying, arguing the two companies would be a good fit. Fiat Group SpA is trying to build a global automaking powerhouse. Last week, it stru ... Continue reading
Astra Ecoflex is First Choice for Farming Conservation Charity
May 5, 2009
Very low CO2 emission levels combined with good fuel economy have led leading countryside conservation organisation The Farming and Wildlife Advisory Group (FWAG) to select the Vauxhall Astra ecoFLEX 1.7 CDTi 16v as its preferred fleet car. ... Continue reading
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