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CarsProfile.com Vauxhall
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Euroda meets with Reilly, Henderson
 Fritz Henderson, GM CEO with Nick Reilly's help, a leader at Vauxhall and Opel (temporarily assigned), have met with Euroda - the dealer body of Opel/ Vauxhall. 'It has been a constructive meeting and Euroda is looking forward to cooperate in a positive way' says Euroda's chairman - Jaap Timmer.Henderson said, during this meeting, it had 'absolutely not been GM's intention to create a big stir by announcing that GM would retain Opel/Vauxhall'. He apologized for this situation and affirmed that 'nobody was considering an insolvency for Opel/Vauxhall: not necessary and highly unlikely'.Henderson explained also that Vauxhall/Opel will still remain a part of General Motors, ...
Tags: euroda, fritz-henderson, ceo, magna, reilly, gm, opel, vauxhall, german-government, meeting
Carl-Peter Forster resigns from GM Europe
 Lask week there were some rumors saying GM Europe CEO, Carl-Peter Forster will resign, following the Opel-Magna thing. GM confirmed the news late Friday, announcing also it will start looking for a brand new CEO, outside the firm, for the operation in Europe.GM CEO - Fritz Henderson said 'The Opel brand has made tremendous progress under Carl-Peter’s tenure and leadership over the past several years. We thank him for his significant accomplishments and wish him only the best in the future'.'In the meantime, we’re confident that the key personnel leading Opel will stay focused on running the business during this time of transition. We expect ...
Tags: carl-peter-forster, magna, resign, opel, gm-europe
Opel is OK with General Motors` decision
 Today GM made the announcement that it will be keeping Opel, canceling the deal with Magna International, you know this already. What you don't know is, Opel has no problem what so ever with this decision. The firm said both Vauxhall and Opel are playing a very important role in the global operations of General Motors so it will support all the efforts, securing its future.Opel stated for the press 'The GM Board of Director’s decision shows that Opel and Vauxhall have an important role in GM’s global strategy, a role that GM is eager to maintain. Following difficult and lengthy negotiations between many parties ...
Tags: takeover, magna, gm, opel, decision, vauxhall, contract
Germany is not happy with the decision GM took and it wants back 1.5 Bn Euro
 The German government is upset with GM's decision to keep Opel on its portfolio; now it expecting General Motors to pay back 1.5 billion Euro in bridge financing brought by state banks in Germany, Autonews said. German govern spokesman - Ulrich Wilhelm told the source 'The government regrets the decision of the General Motors board to restructure Opel itself and to keep it in the group'. General Motors promised to show a viable plan of restructuring in due time, putting to rest the concerns Germany had. This after he employees of Opel just agreed with the drastic price cutting actions of Magna.President and CEO - ...
Tags: magna, takeover, opel, germany, money, gm, vauxhall
Spain gave its go-ahead for the Magna-Opel deal
 From Spain came recently some good news for Magna – the parts maker from Canada, like one important obstacle to be overcomed. Zaragoza factory employees agreed on accepting this job proposed now, and the cuts of production, after rough negotiations. It wasn't clear if the employees approved to all their terms or Magna was forced on making extra concessions, a statement from a worker representative did hint this move...'We decided to modify the plan Magna had for us' said Ana Sanchez, CCOO's director, 1 of the 2 largest unions for Opel factory. But, Magna and Sberbank - its partner from Russia notified just now ...
Tags: magna, spain, magna-opel, gm, deal, zaragoza, takeover, ccoo, canada, sberbank, russia, germany
GM making Opel Astra 2010 faster
 GM reduced very well the period needed to make an Astra by 6 hours. Each vehicle to be made in the United Kingdom at the Ellesmere Port Vauxhall factory initially took twenty-one hours to be constructed but, now thanks to equipment changes, its process will take about fifteen hours.Lindsey Wickens, the production debut manager of Vauxhall for Astra, just-auto.com reported. 'We have some unique machinery here and we really were brought in at the project's early stages to work through the build process and make sure production was as good as we could get'.The brand new Astra model, that's projected to be on sale these ...
Tags: astra, ecoflex, speed, power, faster, opel, 2010, gm, production-time, production
GM selling Opel to Magna
 GM made the announcement that it will be selling a 55 % slice in Opel to Sberbank and Magna, with people working at the carmaker holding 10 % of the all-new firm. The U.S. builder says the involved ones will be agreeing on a few terms in the next weeks, including the labor unions supporting this deal.'The hard work over the past two weeks to clarify open issues and resolve details in the German financial package brought GM and its Board of Directors to recommend Magna/Sberbank' said GM President and CEO, Fritz Henderson. 'We thank all parties involved in the intensive process of the last ...
Tags: magna, buy, sell, opel, vauxhall, gm, fritz-henderson
New OpelVauxhall Astra modified for the police
 The British division of the General Motors Special Vehicles has presented a police package for the compact hatchback Opel Astra . The 2010 Opel Astra will hit the European market in the winter of 2009, so just a couple of months away. Vauxhall has sold more than 900 Astra police cars in the Great Britain during 2008. Vauxhall has stated that because the 2010 Opel Astra compact hatchback is also produced in the UK, the engineers working for the General Motors Special Vehicles division managed to speed up the development phase, even though it usually takes around 6 months to bring such ...
Tags: astra, police, modified, opel, vauxhall, british, uk
General Motors is confirming new Magna Opel`s bid
 Magna submitted a brand new proposal for Opel's takeover with some revisions probably, solving the issues that officials talked about. John Smith, Group Vice President at GM (and chief negotiator at GM for selling Opel/Vauxhall), confirmed that this Canadian - Austrian parts maker indeed set a new offer, denying rumors saying Magna is favorite for buying the German model.He said 'We did receive another offer from Magna/Sberbank yesterday morning and are reviewing it now. We’ll update the comparisons we made previously to the attractive proposal submitted by RHJI on July 20 and prepare for a review with GM’s Board of Directors'.The negotiations continue. 'We’ve also ...
Tags: magna, rhji, bid, negotiation, buy, gm, opel, germany, vauxhall
Angela Merkel is all for Magna acquiring Opel
 Angela Merkel - German Chancellor supports once again the Austrian - Canadian partsmaker - Magna International rivaling with RHJ, wanting the majority of Opel. Merkel said she's ready to help negotiating, helping Magna buy that German brand.Merkel said in a RTL interview she plans to intervene and support the manufacturer negotiating with GM and the German state. She will make a trip to Sochi, Russia - meeting with Dmitry Medvedev - Russian President, discussing Opel's future. 'I have a clear preference for Magna and want to make that clear again'. Merkel said (reported by Reuters). 'We are in constant talks. I am always informed. If ...
Tags: magna, merkel, opel, rhji, russia, rhj, gm, vauxhall
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