GM board opts to keep Opel: sources
The board of General Motors Co has opted to keep Opel, sources briefed on the deliberations said on Tuesday, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna. GM's 13-member board was meeting on Tuesday in Detroit. The meeting of the...
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READ MORE: Vauxhall European, GM Europe, European Opel, Magna International Inc., European Union, General Motors Europe, Keep Opel, General Motors Co., gm board, sell opel
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News Stories
- News Source: The Age | about 1 month agoGM announced today that it has pulled out of the sale of its Opel and Vauxhall subsidiaries, citing a turnaround in sales and the European car-making division’s importance in the company’s global strategy. Holden sells its Commodore large car...
- News Source: Turks and Caicos Free Press | about 1 month agoGeneral Motors reversed course on Tuesday by abandoning a long-expected sale of its Opel to a group led by Canadian auto supplier Magna and opting to keep the European unit after a year of uncertainty and high-stakes political negotiations.
- News Source: Times Online | about 1 month agoAfter months of protracted talks, deals with unions and politicking in Europe the sale of General Motors Europe was within a whisker of being signed off. While around 5,500 Vauxhall workers in the UK will wake up today to renewed uncertainty about...
- News Source: Times Online | about 1 month agoGM had agreed to sell Opel and Vauxhall to Magna, a Canadian car parts supplier, to raise cash after almost being bankrupted this year. Last night the board of GM met in Detroit, where the carmaker is based, and decided to scrap the plan. It is...
- News Source: The independent | about 1 month agoThe board of General Motors last night sensationally scrapped the sale of its European operations, which include Vauxhall in the UK, after months of tortuous negotiations with national governments and the European Union. The sale to the Canadian car...
- News Source: Star Tribune | about 1 month agoGeneral Motors Co. said Tuesday it will keep its European Opel unit and restructure it instead of selling a 55 percent stake to Canadian auto parts maker Magna International and its partner, Russian lender Sberbank. GM's board of directors made the...
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- Blog Source: blog.taragana.comA person familiar with the meeting said GM's board won't make any decision about the automaker, whose brands also include Britain's Vauxhall, until Wednesday. Opel works council prefers Magna offer; demands more say in process ...
- Blog Source: blog.taragana.comGM board to meet, decide fate of Opel, Vauxhall.
- Blog Source: www.themotorreport.com.auCalling off negotiations with a Russian-backed group led by Canada's Magna International, GM CEO Fritz Henderson said that the Opel and Vauxhall brands are too important to GM's global strategy. “GM will soon present its restructuring ...
- Blog Source: www.washingtonexaminer.comA decision at the board meeting in Detroit would be the concluding step in the process after a year of uncertainty over the future of Adam Opel GmbH and sister brand Vauxhall — and questions over GM's own restructuring. ...
- Blog Source: www.singaporestocks.com.sgThe board of General Motors Co. is expected to decide Tuesday the fate of Opel and Vauxhall, ending more than a year of uncertainty surrounding its.
- Blog Source: www.saabsunited.comThe US giant said in a statement that its board had made the decision because of "an improving business environment for GM over the past few months". GM had agreed to sell Opel and Vauxhall to Canadian car parts firm Magna. ...
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- Video Source: www.truveo.comGM Board Meets To Announce ...Video Source: www.truveo.comGM Board Meets To Announce Opel Preference
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- Video Source: www.truveo.comGM Board Meets To Announce ...Video Source: www.truveo.comGM Board Meets To Announce Opel Preference
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@pmintz GM Board decides to keep Opel http://www.businessweek.com/ap/financial
about 1 month agonews/D9BOAVK06.htm -
@MickiMaynard One way to put it. RT @raywert RT @jalopnik: GM Board Says, "Screw It, We're Keepin' Opel" http://jalopnik.com/5396371 #carpocalypse #opel
about 1 month ago -
@MickiMaynard No surprise here... RT @davidshepardson GM board decides to keep Opel
about 1 month ago
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