Opel - egmCarTech

Report: GM considering 335-hp Buick Regal GS, Regal Sport Wagon

Posted: Nov 16, 2009

Filed under: Buick, GM, Industry News, Opel

When the 2011 Buick Regal goes on sale in the second-quarter of 2010, it will be offered with a 2.4L inline 4-cylinder engine making 182-hp and a maximum torque of 172 lb-ft. A turbocharged variant making 220-hp will join the lineup later next year.
However, for those of you looking for more power from the new [...]

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GM’s Whitacre not apologetic on how Opel situation was handled

Posted: Nov 13, 2009

Filed under: GM, Industry News, Opel

GM announced today that it had paid back another 200 million euros to the German government towards the bridge loan that it received back in June in order to save its European subsidiary Opel motors from bankruptcy, according to Automotive News. To date, GM has paid back 1.1 billion euros of the 1.5 billion [...]

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Economy Minister: GM should pay to restructure Opel, not Germany

Posted: Nov 12, 2009

Filed under: GM, Industry News, Opel

General Motors CEO Fritz Henderson was hanging out in Germany earlier this week in an effort to repair relations after the Detroit automaker announced last week that it will keep Opel and restructure it, putting a surprising end to plans to sell the brand to Magna International.
Henderson has previously said that GM could seek assistance from [...]

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Fritz: No global future for Opel, Chevrolet will be global leader

Posted: Nov 11, 2009

Filed under: Chevrolet, GM, Industry News, Opel

General Motors Company CEO Fritz Henderson, who is currently visiting Opel’s headquarters in Ruesselsheim to repair relations, said that Opel will not play a global role in the empire of the Detroit automaker. Nonetheless, Henderson said that GM will give the European brand more freedom.
“We have a strategy in Brazil around Chevrolet … It’s a [...]

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GM CEO Fritz Henderson hanging out with Opel this week

Posted: Nov 09, 2009

Filed under: GM, Industry News, Opel

General Motors Company’s CEO Fritz Henderson is in Germany meeting with leaders of Opel to discuss the brand’s future. Opel spokesman Ulrich Weber said that Henderson wanted to get a firsthand look at the situation at Opel headquarters in Ruesselsheim.
The talks today ended without any clear plans for the future of Opel’s five plants in [...]

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GM executive Carl-Peter Forster may join Tata Motors

Posted: Nov 09, 2009

Filed under: GM, Industry News, Opel, Tata Motors

According to sources close to the matter, Carl-Peter Forster, who is leaving General Motors of Europe, may join Tata Motors. Forster’s decision to leave GM came after the Detroit automaker unexpectedly decided to keep Opel instead of selling majority share to Magna International. Forster had strongly advocated a sale to Magna and Russia’s Sberbank.
Sources say [...]

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Henderson: GM could ask Europe to help it restructure Opel

Posted: Nov 07, 2009

Filed under: GM, Industry News, Opel

Earlier this week, General Motors surprised German official and labor unions by backing out of plans to sell Opel to Magna International and Russian bank Sberbank. CEO Fritz Henderson said that the Detroit automaker now hopes to get the European government to help it restructure Opel but could use some of its $50 billion it [...]

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Bob Lutz to become chairman of Opel board as Forster leaves

Posted: Nov 06, 2009

Filed under: GM, Industry News, Opel

A source close to General Motors said that Bob Lutz, the company’s marketing head, will become chairman of the supervisory board of Opel to help the restructuring plan. Lutz, 77, will not take a direct management role in Opel the source said. He is already a member of the Opel supervisory board, which meets three [...]

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Carl-Peter Forster to step down as head of GM Europe

Posted: Nov 06, 2009

Filed under: GM, Industry News, Opel

According to a report by Spiegel Online, the head of General Motors’ European business, Carl-Peter Forster, is leaving the company after GM’s board of directors decided to keep Opel last week. A former BMW executive, Forster had strained ties with GM after being in favor of the Magna deal.
Forster was expected to head Opel under [...]

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Treasury: Obama administration not involved with GM’s decision to keep Opel

Posted: Nov 04, 2009

Filed under: GM, Industry News, Opel

U.S. Treasury spokeswoman Meg Reilly said yesterday that the Obama administration did not get involved with General Motors’ decision to keep and restructure the Opel brand.
“The administration was not involved with this decision, which was made by GM’s Board of Directors,” Reilly said.
GM announced yesterday that it has decided to keep Opel and expects the restructuring [...]