Report: GM Puts Opel Sale to Magna On Hold

By Colum Wood Oct 23 2009

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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... Continue Reading...

Filed under: Featured Articles GM Opel
Tags: general motors, GM, magna, magna international, Opel, RHJ International, Sperbank

Magna Bid to Buy Opel May Fall Through as GM Poised to Sign Agreement With Rival Bidder

By Colum Wood Jun 30 2009

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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... Continue Reading...

Filed under: American Featured Articles GM Opel Sidebar
Tags: Beijing Automotive Industry Corp., GAZ, general motors, general motors europe, GM, gm europe, GM viability plan, magna, magna international, Opel, RHJ International, Sperbank