General Motors wants out of Opel, and according to new reports, it is willing to let the German automaker go without receiving any money for it. The only requirement is that the buyer must inject €500 million (around $652M USD) into Opel for operations. While GM CEO Fritz Henderson has said there are six serious [...]
If Opel makes it out of the General Motors era alive, its dealers want a bigger say in its recovery as an independent automaker. And by a bigger say, they mean taking a 20% stake in the company - and along with it, a new CEO. One of the candidates being touted as a potential [...]
While several General Motors divisions and assets could face the axe if the troubled auto giant were to declare bankruptcy (or even if they don’t), Opel would not necessarily be one of them, according to emerging financial reports from Europe. The German division has access to its own funds, which could remain in place and [...]
What we have here are reported to be official renderings from General Motors of the next-generation Opel Astra line, including the hatchback, high-performance GTC model and wagon, or what the Europeans call the Estate. Due out in Europe as a 2010 model, the redesigned Astra will feature many design cues from the well received mid-size [...]
Saturn’s Astra has been something of a commercial non-starter stateside, but it remains a perennial favorite in Opel and Vauxhall guises in Europe. Thus, even with General Motors’ touchy-feely brand on the rocks here at home, it’s still a pivotal model overseas that warrants attention, even if we probably won’t end up seeing it in [...]