General Motors’ Opel division is set to expand outside of Europe with its establishment in Chile and Israel. Reports say that GM has inked a deal with an independent distributor to sell Opel vehicles in Israel, independent of GM’s vehicle distribution channel in the country. Despite selling Buick, Chevrolet, Cadillac and Isuzu, through one channel,...
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General Motors is hoping to expand their Opel nameplate beyond its traditional European markets to places like China, Australia, South America and other unspecified Asian countries. GM is hoping to leverage Opel’s premium brand image to expand its lineups in places where the General lacks a foothold in that market segment. Chevrolet (and Holden) are...
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At a recent meeting regarding their proposed IPO, General Motors outlined their new product plans through the year 2014. According to GM’s plans,70 updates vehicles will be launched by 2012, but most of the vehicles will be for global export markets rather than North America. While Opel and Vauxhall were confirmed to get 14 new...
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3D Technology is the latest gimmick designed to keep us entertained and we have to admit, it can be pretty damn cool, and leaves us wondering how glorious it would be to watch an auto race in three-dimensions, with all of the benefit of being trackside but without the excessive noise, hot weather and overpriced...
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However with the German government seeking to enter new negotiations, GM has pulled the plug on external fundling.
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Thanks to a patent filing process in China, it has been revealed that the Chevy Volt will be badged as a Buick model in what is now the world’s largest auto market. To be more specific, the Opel Ampera (the European version of the Volt) will actually be badged as a Buick. You see, in...
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The Vauxhall/Opel Ampera, sister car to the Chevrolet Volt, is set to launch in Europe in 2012, but GM is already preparing a more powerful version in time for the car’s launch, according to AutoExpress. Nothing concrete has been announced, but sources indicate that a larger gasoline engine and a bigger battery will help make...
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You really don’t want to crash at the Nürburgring. Seems like a pretty obvious statement, right? Well it is, but not necessarily for the reasons you may be thinking. The ‘Ring may be one of the most feared racetracks in the world, with its 13+ miles of twists, turns and elevation changes, but the most...
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General Motors has decided to keep it’s European operations after all. GM has announced that due to the improved economy and improvements in the company’s bottom line, it will not sell off Opel and British automaker Vauxhall. General Motors had been negotiating to sell the group to a Russian-backed group fronted by Canadian autoparts maker...
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Frank Weber, the engineer that is currently running Chevy’s Volt project is parting ways with General Motors. Weber, will be returning to his homeland of Germany, where he will take up a senior management roll at Opel. GM is currently in the process of selling Opel to Canada’s Magna International and Opel is set to...
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The sale of GM’s European Opel division to Russian-backed Canadian autoparts maker Magna has been put on hold. The on-again, off-again saga is off-again as GM board is set to meet on November 3rd to review changes to the agreement. The changes, include a request by the German Economy Minister to GM, asking the company...
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Just a week after GM announced the return of the Buick Regal nameplate, reports suggest the General may be preparing to launch a high-powered GS trim level. All versions of the car would be based on the European Opel Insignia platform (shown above) but the GS trim model would get the LaCrosse’s 280-hp 3.6-liter V6,...
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General Motors has just announced a deal that will see it’s European Opel brand sold off to Canadian autoparts supplier Magna International. The deal has yet to be finalized, but this morning GM announced Magna was the preferred bidder. The sale will see Magna and Russian backer Sberbank take a 55 percent stake in both...
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After announcing earlier this week that it has not reached a deal to sell Opel, General Motors is now apparently exploring options to keep the European unit. This news comes as a surprise considering selling off Opel is a part of the company’s viability plan as submitted to the U.S. government in order to receive...
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Earlier this week General Motors officially turned off the lights and locked the doors at its Boxwood Road assembly plant for the last time, marking the end of the line for the Pontiac Solstice and Saturn Sky. The two vehicles (along with the Opel GT) were manufactured at the plant in Wilmington, Delaware, which is...
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After continued rumors that General Motors was still shopping-around its European Opel operations, it appears as though a new buyer has been found. RHJ International, a Belgian company has been cited as the latest bidder and apparently a tentative deal could be signed by the end of the week. Initially Opel was slated to be...
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Magna International will not be selling Opel cars in the United States or China, says company CEO Frank Stronach. The head of the Canadian auto parts supplier said that this was part of the deal he worked out with GM when purchasing its European Opel brand. Interestingly, however, there is no indication that the agreement...
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By solidifying a deal to take control of GM’s European operations, Canada’s Magna International Inc. is eager to start producing Opel cars in Canada. “We want to build Opel cars in Canada,” said company founder and CEO Frank Stronach. “Canada should have its own Canadian company … a truly Canadian automobile industry.” The third largest...
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Apparently General Motors CEO Fritz Henderson thinks the upcoming Saab 9-5 is so good, he doesn’t want to sell the Swedish automaker. In an interview in Sweden’s Expressen magazine he declares that he’d rather see Saab fail in bankruptcy court than sell off the brand. The magazine cites an unnamed source within Saab, who says...
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Only yesterday it seemed as though Italian car maker Fiat was likely to purchase GM’s European Opel brand, but now a new player has emerged. Magna International, the Austrian-Canadian parts supplier to OEMs like Chrysler, Ford and Mercedes has “announced” plans to purchase a controlling share in Opel. The news didn’t come from Magna, however,...
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General Motors has just announced that it’s European operations, including brands Opel and Vauxhall will split-off from GM. The deal would see anywhere from 25 to 50 percent of of GM Europe sold off to private investors, however, GM would continue to hold a majority stake in the company. (Call us crazy, but who would...
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