Opel NewsAll News
Opel is a German auto manufacturer owned by General Motors. Opel builds mostly rebadged GM products such as the Opel Ampera.
Browse by News Category
Crash at the Nurburgring and it Could Set You Back $5,300 in Track Repairs
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…
Breaking: General Motors Decides to Keep Opel
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…
Report: Top Chevy Volt Engineer Leaving GM for Opel
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…
Report: GM Puts Opel Sale to Magna On Hold
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…
Breaking: GM Agrees On Opel Sale to Magna
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…
Report: General Motors Considering Keeping European Opel Unit
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…
New GM Emerges from Bankruptcy
Today the sun rose on a New General Motors, a move which will also see the sun set on a lot of people’s careers. GM emerged from bankruptcy protection at 6:30 a.m. Eastern Time with news of a serious corporate restructuring plan that will take effect over the next few months. Due to leadership (and…
GM Looks to Exit Bankruptcy Court By Thursday as Asset Sale Approved
Late Sunday a judge approved the sale of GM’s assets to a group comprised of the U.S. government, the UAW and the Canadian and Ontario governments under the name NGMCO, Inc. The decision will see GM exit bankruptcy court quickly with the ‘New GM’ assets going to NGMCO, while the ‘Old GM’ assets will be…
Magna Bid to Buy Opel May Fall Through as GM Poised to Sign Agreement With Rival Bidder
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…
Magna Deal Prohibits Sale of Opels In The U.S., But Not In Canada
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…
General Motors Posts $6 Billion Q1 Loss
General Motors has once again posted a massive quarterly loss, coming up short to the tune of $6 billion for Q1 of ’09. That is roughly the equivalent of the value of 473,000 Chevy Aveos. The company burned through $10.2 billion during the period, lowering its cash reserves to $11.6 billion from $14.2 billion at…
Magna Emerges as Fiat Rival Over Purchase of Opel
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,…
Opel Ampera at the Geneva Auto Show
We just captured a few images of Opel’s upcoming Ampera (unfortunately all from the same angle), based on the yet-unreleased Chevy Volt. The styling is certainly more progressive, although the basic shape of the car remains similar to the Volt/Prius/Insight design. We’ll be sure to bring you full info on this car from tomorrow’s press…
GM to Spin-Off Opel & Vauxhall Brands
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…
NextPrevious