• General Motors World Headquarters

    GM Stands Behind Opel Brand In Europe

    Three years after it nearly sold its ailing German auto company, GM says it's committed to turning it around.
  • GM, Magna face risks with Opel deal

    When General Motors Co Chief Executive Fritz Henderson saw the automaker through bankruptcy in July, he emerged with a new mantra.
  • GM to sell control of Opel to Russia-backed Magna

    General Motors agreed to sell a 55 percent stake in Opel to a group led by Canada's Magna after months of fraught negotiations that had weighed on the European unit and its 50,000 workers.
  • GM to sell Opel to Magna

    U.S. carmaker General Motors has decided to sell Opel to a group led by Canadian car parts maker Magna, signaling an end to months of uncertainty for the European unit and its 50,000 workers.
  • Emboldened GM probes new Opel options

    Last November, General Motors was burning cash on a fast-track to failure and desperate to cut any deal to save itself and its German unit Opel.
  • Emboldened GM probes new Opel options

    Last November, General Motors was burning cash on a fast-track to failure and desperate to cut any deal to save itself and its German unit Opel.
  • Germany seals deal to save Opel

    Germany heaved a sigh of relief on Saturday over a deal with Canadian auto parts group Magna, General Motors and the U.S. government to save carmaker Opel from the imminent bankruptcy of its U.S. parent.
  • Germany seals deal to save Opel, Obama helps

    Germany heaved a sigh of relief on Saturday over a deal with Canadian auto parts group Magna, General Motors and the U.S. government to save carmaker Opel from the imminent bankruptcy of its U.S. parent.
  • Fiat improved Opel bid, others may too: German economy minister

    German Economy Minister Karl-Theodor zu Guttenberg said Fiat had improved its bid for General Motors' Opel unit and said other bidders may be willing to sweeten their offers as well.
  • Magna seeks added German government help for Opel: report

    Magna is seeking further multi-billion euro German government support if it takes over General Motors' Opel unit, German magazine Der Spiegel reported on Saturday.
  • Angela Merkel visits Opel Insignia plant; reportedly assures investors of state support - Update

    German Chancellor Angela Merkel paid a 90-minute visit to the Opel Insignia production site, the European subsidiary of U.S. automaker General Motors Corp. , in Rüsselsheim on Tuesday and reportedly gave assurances that any investor in Opel would have state support. Merkel was accompanied by Hessen's State Premier Roland Koch, German Defense Minister Franz Josef Jung and Hessen's Economi...
  • GM's Europe brands survival dependent on state aid

    General Motors Corp's European brands are near collapse, with Germany's Opel in need of more state funding and the Swedish government rejecting Saab's plea for state aid until its business plan was sound. Filing for protection from creditors on Friday, Saab said it would present a reorganization proposal within three weeks while court filings revealed it estimates its losses in 20...