Germany is putting pressure on General Motors to figure out what they are doing with Opel as soon as possible. Opel, a German automaker headquartered in the city of Russelsheim, was acquired by General Motors in 1929.
After going through bankruptcy, General Motors has promised to narrow its focus. In doing so, they have decided to sell Opel. The two leading bidders are Magna International Inc., a Canadian company, and RHJ International SA, a Belgium company.
While the government in Germany has gone on record to say that they hope that Magna International Inc. ends up getting Opel, General Motors is hesitant …read more

General Motors Co. has given bidders for their Opel division two days to submit final offers. The three bidders – Magna International Inc., RHJ International SA and Beijing Automotive Industry Holding Co. – have until close of business on Monday, July 20.
Germany, which has agreed to give $2.1 billion in loans for Opel’s sale, is said to be encouraging GM to pick Magna, the Ontario-based auto parts maker.

Once the three final bids are received, they will be reviewed with the Germany government, other countries, the EU Commission and Opel/Vauxhall Trust Board. The trust board will be given the preliminary analysis …read more

According to a report, General Motors is considering giving away three of their European brands. With the company possibly heading toward bankruptcy, GM could decide to just get these brands off of their hands without taking back any money.
Three brands reportedly being discussed are Opel, Saab and Vauxhall. Opel is based in Germany, Saab is based in Sweden and Vauxhall is based in the United Kingdom. The report of this possible move by General Motors was first released by the Financial Times newspaper.
While GM would likely ask that money be put into the brands directly, they likely wouldn’t be asking …read more