Archive for 'Opel'
Minicar and electric-vehicle top priority at Opel, CEO says
Opel’s new CEO Nick Reilly, says that a new minicar is a “top priority” at Opel and Vauxhall. He said that the European brand is also looking into launching an electric-vehicle. As of right now, Opel doesn’t have an entry into Europe’s fast-growing minicar segment to compete with vehicles such as the Ford Ka, reports [...]
Continue Reading
GM regains full control of Opel after paying back emergency loan
General Motors Company has regained full control of its Opel brand after paying back 1.5 billion euro in emergency loan including interest. The move dissolves a trust that held a 65 percent stake in the European carmaker.
“The shares in Adam Opel GmbH were returned to GM,” the German economics ministry said in a statement on Monday.
GM [...]
Continue Reading
GM to ask Europe for most of $4.9 billion needed to restructure Opel
General Motors Company will present a plan later this week for its future plans for Opel. The automaker is expected to ask the European government to pay for most of the $4.9 billion it needs to restructure the struggling European brand.
Nick Reilly, interim CEO at Opel, said it would be “quite difficult” for GM to [...]
Continue Reading
Report: GM considering 335-hp Buick Regal GS, Regal Sport Wagon
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 [...]
Continue Reading
GM’s Whitacre not apologetic on how Opel situation was handled
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 [...]
Continue Reading
Economy Minister: GM should pay to restructure Opel, not Germany
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 [...]
Continue Reading
Fritz: No global future for Opel, Chevrolet will be global leader
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 [...]
Continue Reading
GM CEO Fritz Henderson hanging out with Opel this week
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 [...]
Continue Reading
GM executive Carl-Peter Forster may join 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 [...]
Continue Reading
Henderson: GM could ask Europe to help it restructure 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 [...]
Continue Reading
-
Chrysler kicks of Pentastar V6 production, will debut in 2011 Jeep Cherokee
-
2012 Lexus LFA purchasing process: Lease it for $12,398 a month… kind of
-
McLaren outlines plan to become competitive player in sports car segment, officially unveils MP4-12C
-
Porsche, Lincoln take top spots in J.D. Power 2010 dependability survey
-
2011 Ford Mustang prices start at $22,145
-
412-hp 2011 Ford Mustang GT gets EPA rating of 26 mpg highway
-
Review: 2009 Porsche Cayman PDK is sporty but pricey
-
Review: 2010 Cadillac CTS Sport Wagon, station-wagons can be cool
-
First Drive: 2011 Infiniti M37 / 2011 Infiniti M56 are nothing short of impressive
-
Review: 2010 Cadillac CTS-V shows Germany that Detroit can do high-performance saloons
-
Review: 2010 Cadillac SRX take 2… 2.8L V6 Turbo
-
Review: 2010 Volkswagen Golf TDI shows that fuel-efficiency can be fun
-
Review: 2010 Buick Enclave continues brand’s renaissance movement
- Read a professional car review on the latest new cars. Search and compare the latest cars for sale with detailed specs, crash test ratings, and current rebates. View the latest concept cars, spy photos and which new cars will be released with significant improvements and style changes.
Recent Comments