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OPEL UNIT
- German committee rejects GM aid requestA German government steering committee has rejected a request from General Motors for 1.1 billion euros (1.3 billion dollars) in state loan...
- GM to present Opel plan to unions this weekGeneral Motors Co will present the restructuring plan for its Opel unit to unions this week, a programme expected to result in up to 9,500 ...
- GM says it plans to cut 10,000 jobs at OpelGeneral Motors plans to cut around 10,000 jobs at its European division Opel, GM vice president John Smith said Wednesday after the US auto...
- GM board begins two-day meetingGeneral Motors Co's board begins a two-day meeting in Detroit with labor organizations pressing for a decision on the fate of its European ...
- Germany drops opposition to RHJ's Opel bid: ReportThe German government has dropped its opposition to General Motors selling its Opel unit to investment group RHJ following pressure from th...
- GM board wants control of Opel patents in dealGeneral Motors may sell its Opel unit but it needs guarantees that Opel's technology won't be used in Russia to compete against Chevrolet. ...
- China's BAIC confirms failed bid for GM's OpelChina's Beijing Automotive Industry Holding (BAIC) said intellectual property rights concerns were to blame for its failure to reach agreem...
RHJ envisions at most 10,000 Opel job cuts: ReportRHJ is competing for a majority stake in Germany-based Opel with a consortium of Canadian auto parts maker.- Opel aid may need renegotiatingThe German government made clear Wednesday that its financial support for a takeover of General Motors Corp.'s Opel unit will have to be re...
- GM considers alternative bids for Opel: ReportUS auto giant General Motors is holding the door open to other potential buyers for its German unit Opel despite Berlin's backing for a bid...
- GM Europe: 55,000 jobs, seven countries, one big headacheGeneral Motors Europe, which includes the Opel unit which will be sold to Canadian car parts maker Magna International under a deal, employ...
- Germany may give Opel 1.5 bn euro in bridge financingGermany could provide any new investor in General Motors Corp.'s Opel unit bridge financing of euro1.5 billion ($2.09 billion), Finance Min...
- GM confirms Fiat, Magna, RHJ Int'l as Opel biddersGeneral Motors said Italy's Fiat, Canadian autoparts maker Magna and the RHJ International holding company are in the running to take over ...
- Magna's bid for Opel preferredMagna International Inc’s offer for General Motors Corp’s Opel unit is preferred by German regional governments over a bid from Fiat SpA, a...
- Fiat CEO says Opel offer will be 'better than cash'Fiat SpA Chief Executive Officer Sergio Marchionne said his company’s takeover offer for General Motors Corp’s Opel unit will include asset...
- Fiat boss sees savings in Opel allianceA Fiat tie-up with General Motors Corp.'s Opel unit would allow ``immense'' cost savings, the Italian auto maker's boss was quoted Tuesday ...
- Fiat boss to discuss Opel bid in GermanyFiat Group SpA's chief executive was expected in Berlin for discussions Monday with the German government on the company's hopes of taking ...
- GM ready to cede controlling stake in Opel: ReportGeneral Motors is ready to drop its controlling stake in its European unit Opel in exchange for a public guarantee for its activities in Eu...
- GM starts search for Opel investorGeneral Motors Corp, the biggest US automaker, hired Commerzbank AG to find an investor for its Opel unit in Europe.
- GM rules out sale of Opel or job cutsGeneral Motors will neither sack workers nor close or sell factories at its German Opel unit, the president of GM Europe said in an intervi...
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