The Luton van plant is at serious risk of closure in the wake of GM’s forced sale of Opel/Vauxhall to Magna and its Russian finance partners, writes Mark Bursa |
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OPEL FALL-OUT: VW chief not happy at Magna bid - Article (15th September 2009) Ford chairman William Clay Ford Jr may have no problem with Magna's bid-in-progress to buy majority control of Opel but his counterpart at Volkswagen has taken a very different view. OPEL AFTERMATH: UK calls for state aid 'respect' - Article (14th September 2009) The European Commission should "take a hand" in negotiations the Magna International consortium's negotiations to buy Vauxhall and Adam Opel, to ensure state aid rules are not breached, UK business secretary Peter Mandelson has said. OPEL AFTERMATH: UK government to beg for Ampera - Article (14th September 2009) British prime minister Gordon Brown will head a government delegation set to meet General Motors management to discuss making the Opel/Vauxhall Ampera at the automaker's Ellesmere Port plant in Cheshire. OPEL AFTERMATH: Government expects aid approval - Article (14th September 2009) The German government expects the European Commission to approve its state aid for Adam Opel, an economics ministry spokeswoman said on Monday. Opel/Vauxhall still murky - Blog (14th September 2009)
Even if we assume that the deal to sell a majorit... OPEL AFTERMATH: Trustee’s Russia fear over state aid - Article (14th September 2009) An Opel trustee fears that hundreds of millions of euros in German state aid intended for Opel is earmarked for operations in Russia. THE WEEK THAT WAS: A Magnanimous bid - Article (11th September 2009) By the time announcements were made in Berlin yesterday afternoon, I, for one, had had about enough of Opel. OPEL AFTERMATH: Russian media joy tinged with caution - Article (11th September 2009) Russian media gleefully reported the Opel deal involving Magna International and Russian partners Sberbank and GAZ, saying the country's auto industry would welcome access to new technology. OPEL AFTERMATH: Magna 'firewalls' to separate supplier and Opel - Article (11th September 2009) Magna will put in place “appropriate firewalls” to separate its parts business from its 55% stake in Opel and protect customers' “confidential and proprietary information”, chairman Frank Stronach has said. |
