Fiat Shaking Up European Car Industry
May 4, 2009
BERLIN/MILAN May 4, 2009; Madeline Chambers and Gilles Castonguay writing for Reuters reported that a radical overhaul of the car industry moved a step closer on Monday as Fiat's CEO prepared to pitch a bid for Opel to Germany's leaders as part of a planned takeover of General Motors' (GM - News) European assets. As de ... Continue reading
Fiat Confirms Talks for GM's Opel, To Create Single Company Including Chrysler
May 4, 2009
Fiat Group SpA confirmed Sunday that it is in talks to buy most of General Motors Corp.'s European operations, taking another step toward creating a global automotive powerhouse. Fiat also said it is evaluating the possible spinoff of its auto business to form the core of a new company. Fiat Group Automobiles includes ... Continue reading
Fiat Looking to Pickup GM Europe Units to Create New Super-Fiat Company
May 3, 2009
ROME - May 3, 2009: AP is reporting that Fiat is in talks with General Motors Europe to acquire most, if not all of GM's European brands. According to the AP story, "Fiat said in a statement Sunday it's evaluating the possible spinoff of its auto business to form the core of the new company." The current Fiat Automobil ... Continue reading
Opel Insignia Roars to Top of Mid-Size Class in Europe
May 1, 2009
Europe's Car of the Year 2009 is also European car buyers’ first choice: Thanks to the new Insignia's spectacular market launch, Opel now leads the mid-size segment in Europe. In the first full quarter of Insignia sales, Opel surpassed all competition in the mid-size sedan segment in Europe. The start of sales in ... Continue reading
The Ten Millionth Opel Rolls Off the Zaragoza Assembly Line
May 1, 2009
Production workers cheered today as they placed the finishing touches on the ten millionth car built in Zaragoza: a green, five-door Opel Corsa ecoFLEX 1.3 CDTI. The Corsa commemorates a landmark in the history of the plant and highlights Opel's commitment to the environment. The brand's most economical and fuel effici ... Continue reading
Insignia SportsTourer by Steinmetz
Apr 30, 2009
After the world premiere of the Insignia 5-door by Steinmetz at the Essen Motor Show 2008, the duo was completed with the world premiere of the Insignia SportsTourer by Steinmetz at Tuning World Bodensee 2009. Components already available include the front spoiler, front grille, kit for lowering by approx. 25mm and the ... Continue reading
GM President and CEO Fritz Henderson Updates Media on Revised GM Viability Plan - COMPLETE VIDEO
Apr 27, 2009
DETROIT - April 26, 2009: General Motors President and CEO Fritz Henderson will host a press conference on Monday, April 27, to update the media on GM's revised viability plan. The press conference will run from 9 to 10 a.m. EDT in the Renaissance Conference Center located in Tower 300, Level 2, of the Renaissance Cent ... Continue reading
GM Launches Exchange Offers and Consent Solicitations for Outstanding Notes
Apr 27, 2009
Common stock plus accrued interest in cash offered for $27 billion of outstanding public debt Successful exchange to result in at least $44 billion reduction in total liabilities from bondholders, U.S. Treasury and VEBA Bondholders to own 10 percent of GM after successful exchange offer Exchange contingent on VEBA modi ... Continue reading
Apr 27, 2009
DETROIT - April 27, 2009: In an early morning live press conference today, Fritz Henderson, General Motors' President and CEO, announced that the company's North American plans are to move ahead with only four core brands: Cadillac, Chevrolet, GMC and Buick. Henderson said that after long careful analysis that GM sees ... Continue reading
Apr 23, 2009
BERLIN/FRANKFURT April 23, 2009; Reuters reported that Fiat will sign on Tuesday a letter of intent to buy a majority stake in General Motors' struggling Opel unit, the website of German magazine Spiegel said on Thursday, citing sources. GM's is also in constructive talks with Austria's Magna Steyr (Toronto:MGA.TO - Ne ... Continue reading
The New Opel Insignia ecoFLEX: Sleek Economy without Concessions
Apr 20, 2009
The new ecoFLEX version of the Opel Insignia offers a dynamic driving experience and low emissions at an affordable price. Emitting only 136 grams of CO2, equivalent to 5.2 l/100km on the MVEG/NEDC cycle, the Insignia ecoFLEX features a powerful turbo diesel with 2.0-liter displacement, an output of 118 kW/160 hp and a ... Continue reading
Re-discover the Spirit of Tradition with Opel
Apr 17, 2009
110 years after the first Opel car was built, the brand is showcasing its origins in a wide array of activities. The company's long and rich tradition, filled with innovations, is spotlighted in the current advertising campaign. ... Continue reading
Opel Insignia OPC: Hot Chili Premiere at the Barcelona Motor Show - VIDEO ENHANCED
Apr 15, 2009
The high performance version of the Car of the Year 2009 will be unveiled on May 7, when the Opel Insignia OPC premieres at the Barcelona Motor Show, ten years after the launch of the first OPC model (Opel Performance Center). The heart of the Insignia OPC is its 2.8 V6 Turbo engine. Derived from the powerful gasoline ... Continue reading
Many Questions Left Unanswered in General Motors Apparent Plans
Apr 13, 2009
AUTO CENTRAL - April 13, 2009: In addition to the confusion over the recent GM announcement concerning their intention to âclearly focusâ on four core brands (when they then go on to enumerate five), or why they would embroil themselves in a whole new direction with Segway, there are several significant gaps ... Continue reading
BREAKING NEWS: Reason for GM Failure Discovered! - VIDEO ENHANCED
Apr 10, 2009
Recent New York Auto Show Video Pinpoints the Problem Behind GM's Malaise By Marc J. Rauch Exec. Vice President/Co-Publisher There's a lot of theories and opinions as to why General Motors, the world's biggest automaker fell into hard times. And I have to admit, that some of the diverse opinions have originated right h ... Continue reading
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