Opel

...workforce. GM stunned Berlin and the entire global auto world earlier this month when it pulled a handbrake turn on a deal that would have sold off Opel to a consortium of Canadian car parts maker Magna and Russia's Sberbank. Germany had...

In this article: General Motors, Wolfgang Schaeuble, Sberbank, Berlin, Communism, Magna, and Germany

...growing market. Withdrawing from the Magna-Sberbank offer would have made things difficult for GM in Russia, and Dudenhoeffer predicts the new Opel and GM will focus on Russia and developing markets especially in Asia. There has been...

In this article: GM, Magna International Inc., Sberbank, Germany, EU, Europe, Russia, and Economics

...management." Meanwhile, Ron Bloom, head of the government auto task force, told Reuters that the administration was surprised when GM this month scrapped plans to sell Germany-based Opel but was not tempted to intervene. The reversal...

In this article: General Motors, Chrysler, Fiat, Electric car, Chevrolet Volt, Bankruptcy, and Sberbank

...manage day-to-day workings. This shouldn't surprise anyone. Forster supported selling Opel to Magna and Russia's OAO Sberbank, which GM management and the board opposed all along. Given his stance on the sale, it's surprising that he has...

In this article: General Motors, Carl-Peter Forster, Detroit, Europe, U.S., and Email Marketing

...also includes Britain's Vauxhall. Rainer Bruederle, German's Economy Minister, told GM that it was responsible for restructuring the Opel business, which employs about 25,000 people in Germany. Germany's government had previously...

In this article: General Motors, Germany, Magna, Russia, Sberbank, Britain, and US