Car manufacturers and the iPhone generation

543 More

Earning the right to be successful

531 More

Knowledge is power

607 More

Selling cars – it’s all about timing

847 More

Truemag

  • Home
  • About
  • Advertise
  • Archives
  • Contact
  • Subscribe

Magna ‘agrees to buy GM Europe’

Car parts maker Magna International has reached an agreement in principle to rescue GM Europe, owner of Opel and Vauxhall, reports say.

The agreement was reached with General Motors, but will need to be approved by the German government, which will be providing funding to the new owner.

The other potential bidder, Fiat, said it would not be attending Friday’s talks with the German government.

GM in the US is expected to declare Chapter 11 bankruptcy on Monday.

There is due to be a meeting in Berlin at 1800 local time (1600 GMT) attended by Chancellor Angela Merkel, the ministers involved and officials from the German states that contain GM plants to discuss whether to approve the deal. Full story…

May 29, 2009In51der
  • GM cancels Magna deal
  • Magna gets GM Europe
  • Magna still favourite for Opel takeover
  • GM Europe sale to Magna looks in doubt
  • D-day for GM Europe
  • Last minute talks over GM europe future
  • Fiat to snub new Opel talks - German government "unreasonable"Tata profits hit by drop in sales
    You Might Also Like
     
    UK car production up over a quarter in June
     
    Vehicle scam costs £3m a year
    In51der

    Motor Trade Insider - Bridging the gap between the customer and the Motor Trade

    11 years ago Manufacturers, News38
    Most viewed
    Top 100 UK Dealer Groups
    38,661 views
    The car sales process and the “9 point plan”
    10,749 views
    webuyanycar review – They will buy any car but beware of the asterisk
    5,428 views
    Most commented
    Car sales and the power of silence…
    25 Comments
    Car dealers still not prepared to play the “we buy any car” game
    23 Comments
    A Traders Tale – Part Four
    22 Comments
    Win a pre-loaded Ipod Shuffle!
    19 Comments
    Bargain of the Week – StreetKa 1.6i Luxury
    14 Comments
    Bridal Hair Berkshire
    Fox Body to 2018 Mustang Parts
    and Accessories
    About MTI

    Motor Trade Insider
    is written by people working actively in the motor trade for people on the inside and people on the outside.

    Our aims
    Build a bridge between consumers and the trade, create Interesting and informative content, break down barriers and create better understanding, expose bad practices and rip-offs and promote outstanding products and service.
    Have something to say?
    We are always looking for experienced writers who can write good original quality posts on motor-trade-insider.com. Please contact us if you would like us to consider you. Make sure you give us details of your own blog or a link to some articles you have written.
    2017 © Motor Trade Insider
    Truemag theme by StrictThemes