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146 matches for 'opel'

• U.S. Taxpayer Repays Part of GM’s German Loan

  —The Truth About Cars

  Number of comments: 5
  As part of its eleventh-hour decision to hold onto its Opel subsidiary, GM has made a 200m euro ($300 million) payment on its German “bridge loan.” GM Europe Chief Financial Officer Enrico Digirolamo announced that the nationalized automaker will repay the remaining 400m euros ($600 million) by the end of [...]

  Posted: November 13, 2009, 7:10pm EST
  by Robert Farago

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• GM repays Germany on $2.2B Opel loan

  —Leftlane News

  Number of comments: 17
  General Motors announced on Friday that it has repaid Germany on a $2.2 billion loan the company received in June to keep its Opel brand afloat. GM says it has already paid back a previous loan of $300 million. Germany extended bridge loans to General Motors during its 39-day bankruptcy to [...]

  Posted: November 13, 2009, 4:09pm EST
  by Drew Johnson

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• Buick Regal To Get Doubly Hybridized

  —The Truth About Cars

  Crank up production of the big green Hybrid stickers, ’cause the Regal is going to sport some serious hybrid regalia. No less then two of GM’s raft of hybrid systems may find their way into the Opel/Buick. gm-volt.com cites a report in Ward’s Auto [subscription] that GM will start production [...]

  Posted: November 13, 2009, 2:41pm EST
  by Paul Niedermeyer

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• GM's new Buick Regal to be premium sport sedan

  —Automotive News - China automotive sales and production, suppliers and OEM in Chinese market, China's homegrown players and their expansions overseas.

  Good thing General Motors held onto Opel, its German subsidiary. Otherwise, where would it get the platforms for new products? On Thursday, Buick announced that its new Regal would go on sale in the second quarter of next year as a 2011 model. [...]

  Posted: November 13, 2009, 11:20am EST
  

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• GERMANY: Carmakers happy for Opel to stay within GM

  —Daily automotive news and comment

  European carmakers have welcomed General Motors' decision to hang on its European Opel and Vauxhall brands rather than sell them to the consortium led by Canadian supplier Magna International and Russia's Sberbank.' [...]

  Posted: November 13, 2009, 8:07am EST
  

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  — blogs linking 'Daily automotive news and comment' this week

• GM Reveals 2011 Buick Regal for US; Two Gasoline Direct-Injection I-4s for Sport Sedan

  —Green Car Congress

  Number of comments: 4
  

  GM is revealing the 2011 Buick Regal sport sedan to customers in the Los Angeles area today. The new Regal, drawing on work on the award-winning Opel Insignia, will offer two gasoline direct-injection engines and is directly targeted at competitors such as the Acura TSX and Volvo S60.

  [...]

  Posted: November 13, 2009, 7:27am EST
  by Mike Millikin

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• GERMANY: Minister says Opel has no need of state aid

  —Daily automotive news and comment

  German Economy Minister Rainer Bruederle has said that Opel has no need for state aid because it can finance restructuring by itself. [...]

  Posted: November 13, 2009, 6:13am EST
  

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  — blogs linking 'Daily automotive news and comment' this week

• GM/Opel: German Government Money? Us? What For? On Second Thought …

  —The Truth About Cars

  Number of comments: 9
  The Opel/GM saga has more twists than New York’s Peppermint Lounge. Yesterday, we reported that GM’s Smith & Reilly went to Berlin to beg money from German Economy Minister Rainer Bruederle. They received the cold shoulder. Like good salesmen, they didn’t take no for an answer. Yesterday, a spokesperson of GM said [...]

  Posted: November 13, 2009, 4:06am EST
  by Bertel Schmitt

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• Tweets on Cars: Heading to Hollywood Palladium...

  —Karl on Cars

  Heading to Hollywood Palladium for a look at the 2011 Opel Insignia (aka Buick Regal). Driving over in a 2010 Nissan GT-R. Insert joke here. [...]

  Posted: November 12, 2009, 7:48pm EST
  

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• G.M. to Position New Buick Regal as Premium Sport Sedan

  —Wheels

  Number of comments: 15
  Buick has announced that its new Regal, which is based on the Opel Insignia, will go on sale in the second quarter of next year as a 2011 model. [...]

  Posted: November 12, 2009, 3:30pm EST
  by By RICHARD S. CHANG

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• Berlin To GM: You Break It, You Buy It

  —The Truth About Cars

  Number of comments: 8
  GM’s John Smith, and a freshly minted GME CEO Nick Reilly went to Berlin to see German Economy Minister Rainer Bruederle, hat in hand, hoping for some Opel funds. They left empty handed. “I expressed my expectation that General Motors should basically carry out the financing itself,” Bruederle said after the [...]

  Posted: November 12, 2009, 7:08am EST
  by Bertel Schmitt

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• Revealed: 2011 Buick Regal

  —Inside Line Automotive News

  Adapting the Opel Insignia to American tastes — by way of China. [...]

  Posted: November 12, 2009, 3:00am EST
  

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• New-Gen Buick Midsizer Flaunts German DNA

  —Auto Observer

  

  General Motors Co.'s Buick division today released images and information for the 2011 Buick Regal and is openly billing the new-age Buick as a sport sedan.

  Given the new Regal's origins with GM's second-generation global midsize chassis that was engineered by Adam Opel [...]

  Posted: November 11, 2009, 11:55pm EST
  

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• Buick Regal Is Back, Gets Turbocharged [La Auto Show]

  —Jalopnik

  Number of comments: 32
  The Buck Regal is officially back, a re-badged Opel Insignia sporting two Ecotec four-cylinder engines including a 220HP turbo version with 29 MPG fuel economy. GM's out for mid-size entry-luxe blood... [...]

  Posted: November 11, 2009, 6:05pm EST
  by Ben Wojdyla

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• GM: Opel Can Be Independent But Not Global

  —The Truth About Cars

  Number of comments: 5
  GM CEO Fritz Henderson’s promises of independence for Opel made the right noises, but they carefully avoided any discussion of the actual role GM envisions for its German division within its global strategy. The latest updates seem to indicate that GM will keep Opel for its engineering expertise, but that [...]

  Posted: November 11, 2009, 11:40am EST
  by Edward Niedermeyer

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• GM appoints Reilly as interim head of Opel in Europe

  —Automotive News - China automotive sales and production, suppliers and OEM in Chinese market, China's homegrown players and their expansions overseas.

  General Motors Co. appointed international operations chief Nick Reilly to oversee its Adam Opel GmbH division in Europe on an interim basis as the largest U.S. automaker reorganizes the unprofitable division. Reilly, 59, will help Ruesselsheim, Germany-based Opel and its Vauxhall brand in the U. [...]

  Posted: November 11, 2009, 10:07am EST
  

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• GERMANY: Henderson and Reilly meet with Opel/Vauxhall dealers

  —Daily automotive news and comment

  GM CEO Fritz Henderson and Nick Reilly, who temporarily leads Opel/Vauxhall, have met with Opel/Vauxhall's dealer body, Euroda. [...]

  Posted: November 11, 2009, 9:49am EST
  

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• RUSSIA: Sberbank could sue GM over Opel

  —Daily automotive news and comment

  Russia's Sberbank is reportedly considering suing GM for abruptly cancelling its plans to sell Opel to a Magna-led consortium of which it was part. [...]

  Posted: November 11, 2009, 7:01am EST
  

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• OPEL WRAP: GM sees Opel remaining a regional brand

  —Daily automotive news and comment

  GM CEO Fritz Henderson has described Opel as fundamentally a regional brand, dampening hopes that the brand could play a larger and more global role in GM's future strategy. [...]

  Posted: November 11, 2009, 5:40am EST
  

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• GM Executive VP Nick Reilly named interim CEO at Opel/Vauxhall

  —Autoblog

  

  Filed under: Europe, Hirings/Firings/Layoffs, GM, Opel, Vauxhall

  
  
  It's been one heck of a week for Opel. After months of negotiations between Magna and its partners on the one hand and General Motors on the other, the American parent company opted [...]

  Posted: November 10, 2009, 5:30pm EST
  by Noah Joseph

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• How A Daewoo Became A Buick Became An Opel Became A Buick Became A Daewoo [New Cars]

  —Jalopnik

  Number of comments: 58
  GM's large international operation and the popularity of Buick in China leads to some strange intercontinental platform sharing. We untangle part of the mess below. Currently, Buick is selling the... [...]

  Posted: November 10, 2009, 1:40pm EST
  by Matt Hardigree

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• Berlin, Magna, Sberbank: We Want Our Money Back!

  —The Truth About Cars

  Number of comments: 8
  Magna and Sberbank want their money back. Everything they had so far invested into Opel needs to come back from GM, says Das Autohaus in Germany.” We are in negotiations with GM and we hope that we don’t have to go to court “, said Sberbank boss German Gref. “If [...]

  Posted: November 10, 2009, 12:27pm EST
  by Bertel Schmitt

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• GM Decides Opel Not For Sale

  —AutomoBlog

  

  
  

  Looks like the on again/off again sale of General Motor’s long held Euro-brand Opel is now definitely off, and The General will not be selling the company off to Magna. What makes this really odd is that the deal was nearly [...]

  Posted: November 10, 2009, 11:57am EST
  by Tony Borroz

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• Fritz and Franz On Opel’s Autonomy

  —The Truth About Cars

  Number of comments: 3
  Opel’s union boss and chief thorn-in-the-side for GM’s attempt at regaining control of its European division, Klaus Franz, recently met with CEO Fritz Henderson and is telling German media that “Henderson agrees that Opel should be led back to its traditional strengths in Europe, with a high level of independence  [...]

  Posted: November 10, 2009, 10:12am EST
  by Edward Niedermeyer

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• GM Makes Right Decision to Keep Opel

  —Auto Observer

  

  General Motors' decision to keep Opel has ruffled political feathers and rankled the union rank and file in Germany, but it is - and always was - the right business decision for the automaker.

  While it is in dire need of restructuring that [...]

  Posted: November 10, 2009, 9:56am EST
  

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• US: Nick Reilly to head Opel/Vauxhall (for now)

  —Daily automotive news and comment

  As many expected, GM old stager and safe pair of hands Nick Reilly has been named as acting head of GM's Opel/Vauxhall operations following the departure of Carl-Peter Forster. An external search for a new CEO for Opel/Vauxhall continues, GM said. [...]

  Posted: November 10, 2009, 9:52am EST
  

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• GERMANY: Henderson mending fences as Opel fallout continues

  —Daily automotive news and comment

  GM CEO Fritz Henderson is in Germany to attempt to repair relations with those in Germany, especially the government, who were upset that GM decided not to sell a majority stake in Opel to a Magna-led consortium. [...]

  Posted: November 10, 2009, 7:07am EST
  

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• Moody’s To GM: What Have You Been Smoking?

  —The Truth About Cars

  Number of comments: 6
  After GM announced that they would keep Opel after all, they boasted that “the GM plan entails total restructuring expenses of about €3 billion, significantly lower than all bids submitted as part of the investor solicitation.” After hearing the statement, industry insiders snickered that €3B would be “hardly realistic.” Now, credit [...]

  Posted: November 10, 2009, 4:25am EST
  by Bertel Schmitt

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• Magna Hearts GM

  —The Truth About Cars

  Number of comments: 5
  After scraping by owning Opel together with alleged Russian mobsters, Magna has given up aspirations of being a car company. Magna wants to “focus on its core competencies,” and will continue to be a supplier and contract manufacturer. This is what Magna’s Co-CEO Siegfried Wolf said to Germany’s Handelsblatt. Magna’s cozying-up [...]

  Posted: November 09, 2009, 6:12pm EST
  by Bertel Schmitt

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• GM's CEO may fill Opel power vacuum with Lutz

  —Automotive News - China automotive sales and production, suppliers and OEM in Chinese market, China's homegrown players and their expansions overseas.

  General Motors Co. Chief Executive Fritz Henderson is scrambling to fill a “power vacuum” at its Opel division with a temporary manager, Handelsblatt reported. Henderson is considering appointing Bob Lutz, currently vice chairman at GM, or David Reilly, who previously led the U.K. [...]

  Posted: November 09, 2009, 4:07pm EST
  

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