Search Results for opel (Corporate Dealmaker)

Advanced Search

Sort ByDate Relevance	Search InCorporate Dealmaker The entire Deal Blogs Network

12 result(s) displayed (1 - 12 of 12):

GM CEO in Germany to talk about fixing Opel (from Corporate Dealmaker)

General Motors Co. CEO Fritz Henderson kicked off a sales challenge worthy of the slickest used car dealer on Monday, traveling to Germany to meet with leaders of the company's Adam Opel GmbH unit to discuss the European automaker's future inside of GM.Henderson arrives in Germany accompanied by GM international...

Posted on November 9, 2009 3:03 PM

GM revamps Opel management for restructuring (from Corporate Dealmaker)

General Motors Co. appears set to bring in a new team to lead the overhaul of its German Adam Opel GmbH unit.The Detroit-based automaker, which earlier this week called off a planned sale of Opel in favor of keeping it in-house, said Friday that unit president Carl-Peter Forster will be...

Posted on November 6, 2009 4:00 PM

GM Saturn sale near close; Opel not so much (from Corporate Dealmaker)

General Motors Co. appears to be moving toward completing one divestiture key to its ongoing restructuring even as another sale faces fresh uncertainty.Entrepreneur Roger Penske's auto dealer company should formally close on its deal for GM's Saturn brand on Wednesday, according to the Detroit Free Press, meeting the target date...

Posted on September 29, 2009 2:21 PM

GM, Opel and Germany's political calendar (from Corporate Dealmaker)

Over on Automotive News Europe columnist Luca Ciferri has a good piece headlined "Seven reasons why GM is considering keeping Opel."Some of the reasons have been mentioned in previous coverage of the long-running auction--for example, the desirability for General Motors Co. (NYSE:GM) of keeping control of Opel in Russia, rather...

Posted on August 31, 2009 1:22 PM

Opel suitors are speaking up (from Corporate Dealmaker)

What's going on behind the scenes in the auction of General Motors Co.'s Adam Opel GmbH we can only guess. But it's probably safe to say that the sellers are both busy and encouraged. Because what's going on in public is that the potential buyers are speaking up about their...

Posted on July 13, 2009 9:30 AM

Saab says three bidders left (from Corporate Dealmaker)

With no rescue from Sweden, Saab Automobile AB filed for bankruptcy in February and now is making headway in pursuing an independent strategy, saying three bidders for the former General Motors Corp. (NYSE:GM) unit remain. In April, it had signed confidentiality agreements with about 27 potential suitors.In order to...

Posted on May 19, 2009 8:17 AM

GM hopes to raise $652M to fund Opel recovery (from Corporate Dealmaker)

General Motors Corp. (NYSE:GM) reportedly hopes to raise at least €500 million ($652 million) to help fund the restructuring of Adam Opel GmbH by selling a stake in the European carmaker. The automaker, which in the U.S. is scrambling to meet a June 1 deadline to extract concessions from stakeholders...

Posted on April 20, 2009 11:45 AM

Germany's Merkel open to helping Opel, GM (from Corporate Dealmaker)

German Chancellor Angela Merkel has indicated she is willing to consider a state aid package for General Motors Corp.'s (NYSE:GM) Adam Opel unit, but only if that business takes the restructuring steps necessary to secure its future.GM, which has received more than $13 billion from U.S. lawmakers to help it...

Posted on March 10, 2009 3:35 PM

GM's Opel unit details possible cuts (from Corporate Dealmaker)

As General Motors Corp. scrambles to line up government support for its primary European unit, new details are emerging about the cuts the automaker is considering to restructure its Adam Opel GmbH brand.GM Europe head Carl-Peter Forster told Germany's Bild Zeitung newspaper, according to wire reports, that Opel could cut...

Posted on March 4, 2009 1:35 PM

GM flexible on Opel, but not on Chrysler (from Corporate Dealmaker)

General Motors Corp. (NYSE:GM) is apparently keeping an open mind about how much equity it is willing to sell in German unit Adam Opel GmbH in order to raise cash. But company officials appear considerably less flexible when the topic turns to acquiring crosstown rival Chrysler LLC.Chief operating officer Fritz...

Posted on March 3, 2009 2:47 PM

Opel wants state-owned bank to buy 25% stake (from Corporate Dealmaker)

The troubled German unit of troubled General Motors Corp. now reportedly doesn't want any government to take a direct stake as part of a bailout.Hoping to form a funding bridge between spendthrift regional politicians and their tight-fisted federal counterparts, Opel now wants a government-owned bank -- the Kreditanstalt für Wiederaufbau...

Posted on March 2, 2009 10:43 AM

GM's Opel unit moves closer to bailout (from Corporate Dealmaker)

The German arm of General Motors Corp. (NYSE:GM) moved closer to a bailout of its own on Friday, as Adam Opel GmbH struck a deal with its parent to restructure its operations and sell as much as 25% of itself to outside investors.The deal is part of Opel's effort to...

Posted on February 27, 2009 1:03 PM