“GM Would Rather Kill It Than Sell It To Chinese Car Manufacturers” If GM Spoke Up For Opel-Vauxhall, The Rumours Would Soon Die “Profitability Of GM Europe Is Whatever GM Accountants Want It To Be” “Opel is one of the weakest links in GM’s global strategy, but at the same time is one of its […]
If Justice System Can Say “Life” And Not Mean It, Why Not Vauxhall? Vauxhall–Opel has turned a great marketing idea into a public relations disaster. The European subsidiary of General Motors realised that Hyundai and Kia were making huge inroads into their sales by offering fabulous guarantees. Kia’s is particularly mouth-watering – 7 years or […]
Ruesselsheim Seen As Indispensable Global Jewel Not Everybody Agrees “The GM board doesn’t understand Europe, and Opel-Vauxhall will continue to a loss maker” GM’s last minute decision to hang on to its European Opel marque left Russian Premier Vladimir Putin and German Chancellor Angel Merkel spluttering with anger and induced German unions to take to […]
After months of jawboning, the Opel-Magna deal was agreed in principle, but it didn’t take long for voices off to start shouting it down. Unions in Britain, Belgium and Spain moaned that they were losing proportionately more jobs than the Germans, hardly surprising given the previous German government’s huge financial contribution. But perhaps too late, […]
Investors Bemoan Bailout Of Unprofitable Manufacturer But Overcapacity Must And Will Be Addressed Sooner Or Later German unions and Chancellor Angela Merkel were happy after General Motors finally agreed to sell a majority of Opel-Vauxhall to the Magna-Russia consortium. But British unions worried about the job “guarantees”, while investors complained that propping up Europe’s most […]
RHJ, China Offers Resurface Pressurising Magna Magna’s deal to buy GM Europe’s Opel-Vauxhall brands with its Russian partners was supposed to have been signed by mid-July, but as the deadline expired, challengers who fell by the wayside earlier are apparently back in contention, after being revived by some kind of magic sponge. RHJ International, the […]
German Government Says Deal Could Be Reopened. Chinese Could Be Strong Bidders, Fiat Might Try Again. Just when you thought Opel/Vauxhall’s fate had been decided, cracks started to appear in the apparent consensus. The logic behind Magna of Canada’s bid for GM Europe’s Opel was always a bit difficult to follow. New GM Europe was […]
Why Would Anyone Want This Chronic Loss-Maker Anyway? If Opel Is Saved, Pressure Will Switch To Next Weakest. The German government seems to have negotiated a way to make sure no difficult decisions about the future of GM Europe’s Opel are taken before the federal election in September. Job one was to make sure Opel […]
The European media is full of stories about suitors lining up to buy a piece of General Motors Europe’s Saab and Opel-Vauxhall subsidiaries, but nowhere can you find a compelling reason why investors would want to buy into these perennial loss makers. The Financial Times, in an item headlined “GM’s European arms lures investors”, says […]
